Tennessee Ranks 12th Highest In Economic Outlook Analysis
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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Income Tax
Migration Study Shows Big Cities Continue Losing Population
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 Taxpayer Burden Second Lowest In U.S.
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 Ranks 18th In Annual Tax Climate Ranking
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 Nearly $3K Per Capita In Key State Tax Levies
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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The Now-Complete Democrat Trifecta Threatens Tax Hikes
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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Tennessee’s Income Tax On Interest And Dividends Phased Out
“This week, the #HallTax will be repealed once and for all. No longer will Tennesseans be punished for saving and investing their money.”
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