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.
Tax Freedom Day varies among the 50 U.S. states, as incomes and state & local taxes differ from state to state. In 2015, Louisiana had the lowest total tax burden, earning enough to pay all their tax obligations by April 2. Connecticut had the heaviest tax burdenâTax Freedom Day there arrived May 13.