Tennessee

Tennessee is a Southern state of the United States.

Economy

According to U.S. Bureau of Economic Analysis, in 2003 Tennessee's Gross State Product was $199,786,000,000, 1.8% of the total Gross Domestic Product.

~ ~ ~ ~ ~ ~ ~ ~ ~ ~

In 2003, the per capita personal income was $28,641, 36th in the nation, and only 91% of the national per capita personal income of $31,472. Total earnings were $167,414,793,000. (BEARFACTS)

~ ~ ~ ~ ~ ~ ~ ~ ~ ~

Major industries/products...

~ ~ ~ ~ ~ ~ ~ ~ ~ ~

State sales tax is 7.0% (6% on nonprepared food), while the counties charge an additional 2.25% for a total of 9.25% across Tennessee. Some cities charge additional 0.50% sales tax, leading to a total of 9.75%: some of the highest sales taxes in the United States. The overall state tax rate is relatively low, however, as Tennessee does not tax wage and salary income (although it does tax unearned income).

~ ~ ~ ~ ~ ~ ~ ~ ~ ~

Tennessee is a right to work state.

~ ~ ~ ~ ~ ~ ~ ~ ~ ~