| Economic Outlook Data |
|
Overall Outlook Rank
|
2nd
|
23rd
|
|
Top Marginal Personal Income Tax Rate
|
0.00%
|
5.70%
|
|
Top Marginal Corporate Income Tax Rate
|
6.50%
|
7.20%
|
|
Personal Income Tax Progressivity
(change in tax liability per $1,000 of income)
|
$0.00
|
$1.53
|
|
Property Tax Burden
(per $1,000 of personal income)
|
$16.69
|
$20.14
|
|
Sales Tax Burden
(per $1,000 of personal income)
|
$37.37
|
$23.27
|
|
Remaining Tax Burden
(per $1,000 of personal income)
|
$18.78
|
$18.02
|
|
Estate / Inheritance Tax Levied?
|
No
|
Yes
|
|
Recently Legislated Tax Changes
|
-$1.24
|
-$2.04
|
|
Debt Service as a Share of Tax Revenue
|
3.55%
|
3.60%
|
|
Public Employees Per 10,000 of Population
(full-time equivalent)
|
482.13
|
526.83
|
|
State Liability System Costs
(as a share of state GDP)
|
1.73%
|
1.92%
|
|
State Minimum Wage
(federal floor is $7.25)
|
$7.25
|
$7.25
|
|
Average Workers' Compensation Costs
(per $100 of payroll)
|
$0.80
|
$0.76
|
|
Right-to-Work State?
(option to join or support a union)
|
Yes
|
Yes
|
|
Tax Expenditure Limits
|
2
|
0
|
| Economic Performance Data |
| Overall Performance Rank |
12
|
21
|
| State Gross Domestic Product |
78.80%
|
55.59%
|
| Absolute Domestic Migration |
430,284
|
21,002
|
| Non-Farm Payroll Employment |
16.96%
|
7.99%
|
|
Tennessee Profile
|
Kentucky Profile
|
