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.
Floridaâs official nickname is âThe Sunshine State,â but it may as well be âThe Low-Tax State.â Thatâs because Florida is the only state east of the Mississippi that doesnât collect income taxes of any kind. At the same time the state charges a sales tax rate of 6%, close to the 5.75% median among all states. There are, however, some taxes that are higher in Florida than elsewhere. Floridaâs gas tax is among the highest in the country.