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Tennessee charges 7% sales tax on most items, but 4% on groceries. [188] Counties also tax up to 2.75% in increments of 0.25%. In most places, the county rate is about 2.25%, making the total tax on sales about 9.25%. If a county does not charge the maximum, its cities can charge and keep all or part of the remainder.
Tennessee has a reputation as low-tax state and is usually ranked as one of the five states with the lowest tax burden on residents. [7] It is one of nine states that do not have a general income tax; the sales tax is the primary means of funding the government. [8] The Hall income tax was a tax imposed on most dividends and interest.
State tax levels indicate both the tax burden and the services a state can afford to provide residents. States use a different combination of sales, income, excise taxes, and user fees. Some are levied directly from residents and others are levied indirectly. This table includes the per capita tax collected at the state level.
The Tax Foundation Study found that Louisiana has the highest combined sales tax rate at 10.02%, followed by Tennessee at 9.46% and Arkansas at 9.41%. Juanmonino / Getty Images States Exempt From ...
Jul. 27—Tennessee consumers look forward each year to the sales tax holiday on clothes, computers and school supplies. It's timed to back-to-school purchases, but it applies to shoppers of any ...
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A sales tax is a tax paid to a governing body for the sales of certain goods and services. Usually laws allow the seller to collect funds for the tax from the ...
New Hampshire has no state sales tax, no state income tax, allows access to the free IRS Direct File system and has a low tax burden of 6.14%. ... Tennessee. Tennessee has no personal state income ...