VFLBerg
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That is the splitting hairs part, they allow the local to add to it, no local+state is below 7% and is as high as 9%.
You made Point A and I said why it wasn't completely accurate. You said income tax is on all earned income and I mentioned why it was not. Many working people don't even have to file taxes...because it is not on all earned income.The working poor? Jesus man are you trying to be dense.
We’re talking about College athletes receiving $1000’s of dollars in endorsement for their NIL
It’s not as burdensome for the parties in question. Especially not compared to CALIFORNIA.
Income Tax considerations for the working poor have no bearing on THIS discussion.You made Point A and I said why it wasn't completely accurate. You said income tax is on all earned income and I mentioned why it was not. Many working people don't even have to file taxes...because it is not on all earned income.
Meanwhile they will spend all that money and pay sales tax on most or all of it. Get why these SA, probably making, as you said, "$1000s", maybe 1k or 10k a year for 99%, to be better off with a sales tax exemption.
Income tax exemption unlikely to do them any good unless it is 1 in a million Zion.
Don't get why concerned with California. How often do we fight for kids VS a cali school? Once every 3 or 5 years? And you KNOW they aren't repealing shiz over there. So we are good either way. Strange concern to haveIt’s not as burdensome for the parties in question. Especially not compared to CALIFORNIA.
It’s literally where ALL of this started. It’s the State most talked about with regard to this topic. Pretty relevantDon't get why concerned with California. How often do we fight for kids VS a cali school? Once every 3 or 5 years? And you KNOW they aren't repealing shiz over there. So we are good either way. Strange concern to have![]()
TN has NO income tax and ~ 8 - 9 % sales tax depending on county.lol uhh tn sales tax was 7% last I remember. How many states have income tax above 7% for the average person?? TN is very burdensome for the lower and middle classes and retirees.
Sure it does...these kids will mostly be making minimal money. A few hundred or thousand (scholarship/EA Football) guys. Most of these guys won't even have to file taxes.Income Tax considerations for the working poor have no bearing on THIS discussion.
And again, they won’t pay a dime in Sales Tax unless they CHOOSE to.Sure it does...these kids will mostly be making minimal money. A few hundred or thousand (scholarship/EA Football) guys. Most of these guys won't even have to file taxes.
Read the guidelines and see if you think anyone will be making huge amounts. Even if they do, it will be .01% of guys.
Anyway, all the tax talk is ticking me off because it reminds me of what I pay. Off to bed, hope everyone has a good night.
No doubt TN is tops for taxes. I believe only less burdensome states have offsetting mechanisms - AK has oil and Delaware has incorporation advantages. Was only saying if other states consider exempting income tax we should consider exempting sales tax as it is similar or more burdensome itself.TN has NO income tax and ~ 8 - 9 % sales tax depending on county.
Other states that have income tax average 6 - 7 % income tax + 6 - 7% sales tax.
TN is one of the most economic states for anyone to live in .. very low cost of living and low overall taxes (income tax + sales + property tax).
States With Lowest Taxes 2019No doubt TN is tops for taxes. I believe only less burdensome states have offsetting mechanisms - AK has oil and Delaware has incorporation advantages. Was only saying if other states consider exempting income tax we should consider exempting sales tax as it is similar or more burdensome itself.