Tennessee Conservative
Attorney General Jonathan Skrmetti Announced Yesterday That Low-Income Consumers Who Were Eligible To Prepare And File Their Taxes For Free But Were Deceived Into Paying TurboTax’s Owner Intuit To File Will Begin Receiving Checks From A $141 Million Multistate Settlement Announced In May 2022.
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A Recent Analysis Shows That The Physicians That Perform “Top Surgeries” In Tennessee Practice Their Trade In Tax-Exempt Hospitals And Clinics.
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Fitch Ratings Said Friday That The Outlook For State And Local Governments Was “Deteriorating” And An Expected Recession Could Put Pressure On State And Local Governments To Raise Property Taxes.
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Tennessee Has The Second-Lowest Overall Tax Burden In The U.S., According To A New Ranking From Personal Finance Website Wallethub.
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Tennessee Finished 12th In A Study By The American Legislative Exchange Council (ALEC) That Examined The 50 States’ Economic Outlooks Based On 15 Policy Measures.
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Americans In The First Quarter Of 2021 Continued Their 2020 Pattern Of Moving From Expensive, Densely Populated Areas To Warmer, More Tax-Affordable States, According To A New Study From Updater Technologies.
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Tennessee Ranked Third Lowest In The U.S. In Property Tax Burden (1.70%) And Eighth Lowest In Individual Income Tax Burden, But It Ranked 14th Highest In Total Sales And Excise Tax Burden (3.96%).
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Tennessee Finished 18th In a New Study By The Tax Foundation showing Which States Are Best At Structuring Their Tax Systems.
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Tennessee Residents Pay 5.7% Of Their Income Per Capita Toward Poverty, Income And Sales Taxes -Or $2,694 Per Person – According To A New Study.
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Though tax policy may have taken a backseat in these Georgia elections, the results raised the chances of significant tax hikes, and the undoing of progress made in the 2017 Tax Cuts and Jobs Act (TCJA), substantially. The most likely tax hikes that President Joe Biden will push for with a Democratic Congress are increases to income tax rates. During the campaign, Biden proposed to raise the top individual income tax rate from 37 percent to 39.6 percent. Taxpayers can only hope that Congress shows restraint and avoids sweeping changes that harm an economy that needs all the help it can get in the middle of a pandemic.
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