(The Center Square) – An analysis of Internal Revenue Service data shows Tennessee attracted 43,000 new residents from other states between 2022 and 2023, pumping billions into the state’s economy.
Overall, low-tax states in the South were big winners as people left higher-tax western and northeastern states, according to the Tax Foundation.
Tennessee ranked second in the American Legislative Exchange Council’s recent Rich States, Poor States report in part because of its low tax burden. While the sales tax is one of the highest in the country, the state does not levy an individual income tax…