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  2. Hall income tax - Wikipedia

    en.wikipedia.org/wiki/Hall_income_tax

    The Hall income tax was a Tennessee state tax on interest and dividend income from investments. [1] It was the only tax on personal income in Tennessee, which did not levy a general state income tax. The tax rate prior to 2016 was 6 percent, applied to all taxable interest and dividend income over $1250 per person ($2500 for married couples ...

  3. Living in the 9 States With No Income Tax: Pros and Cons - AOL

    www.aol.com/9-states-no-income-tax-160012147.html

    Tennessee does, however, have a state sales tax of 7.0%, and municipal and local sales taxes bring it up to a state-wide average of 9.55%. ... Having no state income tax can translate to lower ...

  4. State Income Tax Rates for 2023-2024 - AOL

    www.aol.com/state-income-tax-rates-2023...

    Illinois, however, which imposes a 4.95% fixed tax, has a flat tax because when the tax was first implemented, it was unclear whether a progressive income tax was constitutional under the state ...

  5. State income tax - Wikipedia

    en.wikipedia.org/wiki/State_income_tax

    South Dakota – no individual income tax but has a state franchise income tax on financial institutions. [17] Tennessee – has no individual income tax. In 2014 voters approved an amendment to the state constitution prohibiting state or local governments from levying any income tax. [18]

  6. Economy of Tennessee - Wikipedia

    en.wikipedia.org/wiki/Economy_of_Tennessee

    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.

  7. Pros and Cons of Living In a State Without Income Tax - AOL

    www.aol.com/pros-cons-living-state-no-130015299.html

    Every U.S. citizen is responsible for paying federal income tax, and some taxpayers also must pay a separate state income tax. See: This Is the One Type of Debt That 'Terrifies' Dave RamseyFind ...

  8. State tax levels in the United States - Wikipedia

    en.wikipedia.org/wiki/State_tax_levels_in_the...

    Median household income and taxes State Tax Burdens 2022 % of income. 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 ...

  9. Maps: Best and worst states for taxes in 2023 - AOL

    www.aol.com/finance/maps-best-worst-states-taxes...

    For example, Louisiana has among the lowest income and property taxes, but it has the highest combined state and local sales tax of 9.55%. Similarly, Tennessee has no state income tax, is in the ...

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