State Senate votes to ban income tax in Tennessee
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03-15-2011, 11:48 AM
Smartest in the Room
Join Date: Apr 2006
Originally Posted by
Depends on the area, but around Nashville it's just shy of 10%.
You all should be happy that the state income tax is not coming to Tennessee. Governments always find ways to spend the "revenue" (that's money they TAKE from you) they collect. In California the top rate for state income tax is around 9%.
For those of you with the argument that well it's progressive and the rich pay it. WRONG. That rate kicks in at $45,000 for a single person and $90,000 for married couples. That is virtually anyone and everyone that has a decent job.
On top of that the sales tax in most areas is approaching 9%. If we didn't have a constitutional amendment protecting us from raising our property taxes we would get screwed there as well. Be glad TN has a constitutional amendment banning income taxes.
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