Memphis Daily News: Why Are Tennesseans so Afraid of an Income Tax?
media mentionSix of the nine state states without a state income tax – Tennessee, Texas, Florida, Washington, Alaska and Nevada – have had higher than average annual unemployment rates over the last decade, according to the Institute on Taxation and Economic Policy.
Five of the nine – Tennessee, Florida, New Hampshire, Alaska and Nevada – are doing worse than average in terms of median income growth, ITEP research shows.