Yes, TN has to have some way to get revenue, so guess they have to get it in sales tax. Would be interesting to read an easy-to-understand comparison of how the whole thing weighs out...high sales tax with no state income tax vs. lower sales tax with state income tax. Does it end up being pretty much the same situation for the average joe?
Another tax which can really affect families is the high lodging tax. Those reasonable hotel room rates suddenly get too expensive with 14.25% tax applied. For families trying to enjoy even a brief vacation, the cost can be too much.
For retirees also, not taxing SS could be good. But Tennessee does tax investment income. It isn t a one size fits all scenario, that’s for sure!
Lodging is interesting, too. And Virgina has a really high restaurant tax. We shop there, but done at until we get back to Tennessee, lol!
Was supposed to be “don’t eat”...