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.
Rounding out the top ten are Louisiana, Alabama, Mississippi, Arizona, New Mexico, Nevada, and South Carolina. In other words, the last 7 on the list are all southern states. These are a bit less surprising, even though most of them have a state income tax. Nevada does not.