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Wednesday, June 12, 2019

Tennessee tax comparison
To paraphrase Benjamin Franklin, taxes are one of only two certainties. Taxpayers in the United States pay over $11,000 a year on average in federal, state, and local taxes, or 20% of their gross annual pay. While all Americans are subject to the same federal income tax code, state and local tax policies vary considerably by state. 24/7 Wall St. recently calculated the average annual income after taxes in every state. The combined effect of taxes can reduce the average annual income by as little as 13% or by as much as 34%, depending on the state. In half of the states, taxes on property account for the largest share of state and local revenue and some of the states where residents pay the largest share of their annual income in taxes are also the states with the highest property taxes. Tennessee has the advantage of a booming tourism industry which means more revenue from the sales tax. In the Volunteer State, income averages $47,179, and residents pay 21% of their income in taxes....the 17th highest in the country. The average Tennessean pays nearly $6,600 in federal taxes, the 15th highest in the US. State and local tax collections per capita however total $3,324, the 2nd lowest among states. In Tennessee, the largest source of state and local tax collections: is the sales tax which accounts for 42% of total collections.


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Friday, September 20, 2019

  • Burn permits required early in Tennessee

    Thursday, September 19, 2019

  • A Cocke County Wheel Tax ????
  • School bus crash in Newport
  • Undercover drug arrests
  • Graduation rate increases
  • Dignity in Aging Act
  • Fire caution

    Wednesday, September 18, 2019

  • Fire caution
  • GFL Environmental donation to DAV
  • Tennessee asks for block grant approval

    Tuesday, September 17, 2019

  • UT/Florida blood donation competition
  • Newport Riverwalk grant
  • Coleman to benefit The Hope Project
  • Cocke Legislative Body meets
  • Opioid lawsuit

    Monday, September 16, 2019

  • Animal hoarding investigation
  • McSween on local healthcare
  • McMahan arrest on chop-shop charges
  • Walters State enrollment is up
  • NU Customer Appreciation Day
  • GM employees on strike
  •    

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