Good News for Tennessee.
Did you know the overall tax burden people face in Tennessee is among the lowest in the nation as a percent of income.
So says a new study by the Tax Foundation, a Washington, D.C.-based think tank that researches tax and budget issues. The group’s conclusions offer a helpful gaze into the debate over what amount of taxation strikes the right economic balance.
The group released a study today calculating the total tax burden residents pay to state and local governments, with Tennessee ranking third lowest, behind only Alaska and South Dakota. Tennessee’s taxes as a percentage of income came out to 7.7 percent. New York was highest with 12.8 percent, and Alaska had the lowest with 7 percent.
With rates historically low now is the time to make that move to Tennessee! Call me for the lowest rates and best buys in Middle Tennessee! Call Candie Worsham Broker Direct 615.400.5230 or email me Candie@Worsham.com