The Hall income tax is a Tennessee state tax on interest and dividend income from investments. It is the only tax on personal income in Tennessee, which does not levy a general state income tax. The current tax rate is 6 percent, applied to all taxable interest and dividend income over $1250 per person ($2500 for married couples filing jointly).
Hawaii earns the most in tax revenue out of any state in the Union. High-income Hawaiians shoulder the brunt of itâ11% for incomes over $200,000. Since the state has some of the countryâs highest earners, that amounts to significant outlays of cash. All told, the state collects $5,606.70 annually for every taxpayer.
There are a lot of reasons to love New York â taxes arenât one of them. The state has the highest tax burden compared to other states, according a new WalletHub report. The personal-finance website compared the 50 states by property taxes, individual income taxes and sales and excise taxes for its 2017 Tax Burden by State report. Hawaii, Vermont and Maine follow New York on the list with high taxes. When looking at only property tax, New Hampshire rose to No. 1 for highest property tax as a percentage of personal income. States ranked for the lowest tax burdens are Delaware, Alaska, Tennessee and Oklahoma.