Knoxville News Sentinel: Moves to Repeal Hall Income Tax Begin

The Institute on Taxation and Economic Policy did an analysis earlier this year that found wealthy residents — income averaging $970,000 per year — would receive “a whopping 63 percent of the benefits” from repeal of the Hall while another 23 percent “would go to the federal government because residents who pay the tax would no longer be able to write off those payments on their federal tax returns.”