Tennessee Has the Most Regressive Tax System in America
Still, certainly one of the latest subjects in Tennessee is actually a proposal to become able to cycle out the actual Hall income tax, which taxes investments in stocks as well as dividends. Additionally, attorneys fees, solutions for example haircuts and massages, and also merchandise pertaining to horses along with airplanes are generally most tax-exempt.
Its just entirely upside down, mentioned Dick Williams, chairman associated with Tennesseans pertaining to Fair Taxation, that provides advocated for any state income tax. Numerous economists, which includes Thomas Piketty, believe that will such techniques could make inequality worse. The Actual state not too long ago elevated ch