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Old 10-28-2012, 07:03 AM
 
Location: Collierville,Tennessee
107 posts, read 306,520 times
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Tennesseans bear 3rd lowest state, local tax burden The Commercial Appeal

but on the other hand, total state and local sales tax burden TN is the highest!!
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Old 10-28-2012, 12:26 PM
 
Location: Knoxville, Tennessee
22,533 posts, read 46,060,389 times
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Quote:
Originally Posted by fatbench View Post
Tennesseans bear 3rd lowest state, local tax burden The Commercial Appeal

but on the other hand, total state and local sales tax burden TN is the highest!!
Doesn't matter. Even with the sales tax, Tennesseans have the lowest tax burden in the nation. Well, they were third lowest in 2010. JMT has figures that show it is the lowest. So all things being equal, even with the high sales tax, we are very, very low. Why? Because unlike a lot of other states we are not stuck with endless taxes for everything. A lot of other states have sneaky little taxes like excise tax. We don't.

State and Local Tax Burdens: All States, One Year, 1977 - 2010 | Tax Foundation
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Old 10-28-2012, 04:19 PM
 
Location: Collierville,Tennessee
107 posts, read 306,520 times
Reputation: 66
apparently this tax structure is favorable for the rich but not for the poor. The poor spend a bigger portion on food which is taxed at 7.5% or higher.
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Old 10-28-2012, 04:29 PM
 
Location: IN
20,164 posts, read 34,473,831 times
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Quote:
Originally Posted by fatbench View Post
apparently this tax structure is favorable for the rich but not for the poor. The poor spend a bigger portion on food which is taxed at 7.5% or higher.
I don't think any state should impose a tax on grocery food items. It is a regressive tax and revenues could be received through other means.
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Old 10-28-2012, 04:40 PM
 
Location: Collierville,Tennessee
107 posts, read 306,520 times
Reputation: 66
Quote:
Originally Posted by GraniteStater View Post
I don't think any state should impose a tax on grocery food items. It is a regressive tax and revenues could be received through other means.

Agree with you. The fact is TN tries to lower taxes (from 8.25% to 7.5%) on food but still it is one of the highest in the nation.
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Old 10-29-2012, 09:17 AM
 
Location: Collierville,Tennessee
107 posts, read 306,520 times
Reputation: 66
To me, no income tax, period.

but should explore better structure sales tax and other taxes so that no tax on food.

There are other states without an income tax but not tax food so there has to be a way to do that.
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Old 10-29-2012, 09:54 AM
 
Location: Knoxville, Tennessee
22,533 posts, read 46,060,389 times
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Quote:
Originally Posted by GraniteStater View Post
I don't think any state should impose a tax on grocery food items. It is a regressive tax and revenues could be received through other means.
Wisconsin's tax burden is fifth highest in the nation!
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Old 10-29-2012, 10:08 AM
 
Location: A Yankee in northeast TN
9,481 posts, read 13,334,142 times
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Quote:
Originally Posted by fatbench View Post
apparently this tax structure is favorable for the rich but not for the poor. The poor spend a bigger portion on food which is taxed at 7.5% or higher.
Even if I spent $100 week on food that still only about $375 in taxes per year. I think I'd rather that than be hit up with personal income tax, tax on vehicles, high property tax, or some of the other taxes my friends in other states pay. I suppose if you're really poor it's even less of a burden, if you receive SNAP or food pantry help.
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Old 10-29-2012, 10:41 AM
 
Location: Cumberland Co., TN
20,014 posts, read 20,504,984 times
Reputation: 20369
Quote:
Originally Posted by DubbleT View Post
Even if I spent $100 week on food that still only about $375 in taxes per year. I think I'd rather that than be hit up with personal income tax, tax on vehicles, high property tax, or some of the other taxes my friends in other states pay. I suppose if you're really poor it's even less of a burden, if you receive SNAP or food pantry help.
Tennessee is in the top percent of food stamp participation so the high food tax dosent affect the poor. They dont pay for food nor are sales taxes applied to FS purchases.
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