The state is
very exciting with endless tourist attractions namely
the Great Smoky Mountains National Park, Graceland, Beale Street, Lower
Broadway, the Ryman Auditorium, the Gaylord Opryland Resort, Lookout Mountain,
and the Tennessee Aquarium, to name a few.
Tennessee is
a growing market of + 6 million consumers capable to
consume services. Major outputs for the state include textiles, cotton, cattle,
and electrical power. Tennessee has over
82,000 farms, roughly 59 percent of which accommodate beef cattle. Soybeans
are heavily planted in West Tennessee, focusing on the northwest corner of the
state.
Major
corporations with headquarters in Tennessee. Tennessee
is a right to work state.
The
Tennessee income tax does not apply to salaries
and wages, but most income from stock, bonds and notes receivable is taxable. All taxable dividends and interest which
exceed the $1,250 single exemption or the $2,500 joint exemption are taxable at
the rate of 6%. The state's sales and
use tax rate for most items is 7%. Food
is taxed at a lower rate of 5.25%, but candy, dietary supplements and
prepared food are taxed at the full 7% rate. Local sales taxes are collected in most jurisdictions, at rates
varying from 1.5% to 2.75%, bringing the total sales tax to between 8.5% and
9.75%, one of the highest levels in the nation.
Tourism
contributes billions of dollars each year to the
state's economy and Tennessee is ranked among the Top 10 destinations in the
US. In 2014 a record 100 million people visited the state resulting in $17.7
billion in tourism related spending within the state, an increase of 6.3% over
2013; tax revenue from tourism equaled $1.5 billion.
Tennessee
has played a critical role in the development of many forms of American popular
music, including rock and roll, blues, country, and rockabilly.
Interstate
40 crosses the state in a west-east orientation.
Its branch interstate highways include I-240 in Memphis; I-440 in Nashville;
I-840 in Nashville; I-140 from Knoxville to Alcoa; and I-640 in Knoxville.
I-26, although technically an east-west interstate, runs from the North
Carolina border below Johnson City to its terminus at Kingsport. I-24 is an
east-west interstate that runs cross-state from Chattanooga to Clarksville.
Major
airports within the state include Memphis International
Airport (MEM), Nashville International Airport (BNA), McGhee Tyson Airport
(TYS) in Alcoa, Chattanooga Metropolitan Airport (CHA), Tri-Cities Regional
Airport (TRI), and McKellar-Sipes Regional Airport (MKL), in Jackson. Because
Memphis International Airport is the major hub for FedEx Corporation, it is the
world's largest air cargo operation.
For
passenger rail service, Memphis and Newbern, are
served by the Amtrak City of New Orleans line on its run between Chicago,
Illinois, and New Orleans, Louisiana. Nashville is served by the Music City
Star commuter rail service.
Comments
Post a Comment