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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 ...
This is a table of the total federal tax revenue by state, federal district, and territory collected by the U.S. Internal Revenue Service. Gross Collections indicates the total federal tax revenue collected by the IRS from each U.S. state , the District of Columbia , and Puerto Rico .
The Department collects about 87 percent of total state revenue. During the 2018 fiscal year, it collected $14.5 billion in state taxes and fees and more than $2.8 billion in taxes and fees for local governments. [2] The Department is led by Commissioner David Gerregano. [3]
For example, almost 6% of taxes go to pay interest on America's debt, while less than 10% goes to health care spending. As for the country's embattled foreign aid allocations, they account for a ...
The Volunteer State is among the states which pay the least, while New Jersey, Connecticut and Washington D.C. pay the most. See where Tennessee ranks.
The U.S. is expected to bring in close to $3.26 trillion in tax revenue in 2021, according to Congressional Budget Office (CBO) projections. About half of that comes from individual income taxes ...
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.
Tennessee is the 36th-largest by area and the 15th-most populous of the 50 states. According to the United States Census Bureau, the state's estimated population as of 2024 is 7.22 million. [13] Tennessee is geographically, culturally, and legally divided into three Grand Divisions of East, Middle, and West Tennessee.