travelnutz wrote:
9.75% sales tax is extremely high and results in a lot higher total annual taxes paid in Tennessee than most other states with having the same yearly income.
For instance: Michigan's sales tax is 6% total max by law and so much is tax exempt. Groceries, drugs, fuel, etc. The 4.2% income tax doesn't kick in until you annually earn way over the average income and even less after deductions are taken. We know as we have lived in Michigan for 78 years and how much would be paid for state income tax. 83% pay zero income tax in Michigan.
Florida on the other hand not only has a higher state sales tax but the counties also add a tax percentage too on top of the state percentage. They also have a yearly personal property tax too.
We won't even mention the extreme taxes people in many other states like California, New York, New Jersey, and several others are saddled with and then add in the very high cost of living there too. Makes Michigan, Tennessee, and Florida seem to be about tax free by comparison...
MI sales tax is applied to fuel
WRT MI income tax, I'm calling BS on 83% number. I'd love to see the source of that detail, because even my retired father in law, whose income was way down, still paid state income tax.