Nashville-Davidson

CATO: Tennessee Fourth Freest State in the U.S. – Nashville-Davidson, Tennessee

Nashville-Davidson, Tennessee 2021-12-03 12:52:42 –

By Jon Styf

Tennessee was ranked 4th in the country in the recent 2021 Freedom of the Cato Institute in the United States. Ranking..

The ranking uses 230 policy variables to rank states in how state policies promote freedom in the areas of finance, regulation, and individuals. The CATO Institute is a public policy think tank based on libertarian ideals for promoting limited government, free markets and peace.

Tennessee was second in the nation in terms of fiscal policy freedom and second in economic freedom. Florida was number one in fiscal policy freedom, while Nevada was number one in economic freedom.

“Tennessee has long been one of the most economically free states, primarily because of its good fiscal policy, but it was also one of the personally freest states in the South.” The book states. “As it became a more stereotypical red state, that edge disappeared. As a result, Tennessee fell from 3rd place in overall freedom in 2001 to 7th place in 2012.”

There is no state income tax in Tennessee. Both state and local taxes are below the national average. State-wide taxes decreased from 5.1% of adjusted personal income in fiscal year 2007 to 4.1% in 2020. The national average is 5.7%.

Tennessee’s local tax averages 2.5%, below the national average.

CATO states: Sales tax is high and may be reduced. “

Tennessee was ranked much lower at 39th place in personal freedoms such as victimless crime, guns, tobacco and education.

You can read specific rankings in Tennessee here..

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Jon Styf is an award-winning editor and reporter in local newsrooms in Illinois, Texas, Wisconsin, Florida, and Michigan for the past 20 years, including Shaw Media, Hearst, and several others. I have worked for a company. Styf is a reporter Center square.

CATO: Tennessee Fourth Freest State in the U.S. Source link CATO: Tennessee Fourth Freest State in the U.S.

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