Wile Tennessee does not have a corporate income tax, it does have "business taxes" that are the same thing. And they also let counties and cities impose their own "business taxes" on companies. And these combined business taxes end up being more costly and time-consuming to businesses than a single state income tax return would have been.
Property taxes are lower.
TN has an average property tax rate of 0.9x%. Los Angeles County has an average property tax rate of 0.5x% (i.e., nearly half). Property taxes in LA are only higher on an absolute basis because the property subject to tax is worth more.
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Wile Tennessee does not have a corporate income tax, it does have "business taxes" that are the same thing. And they also let counties and cities impose their own "business taxes" on companies. And these combined business taxes end up being more costly and time-consuming to businesses than a single state income tax return would have been.
Property taxes are lower. TN has an average property tax rate of 0.9x%. Los Angeles County has an average property tax rate of 0.5x% (i.e., nearly half). Property taxes in LA are only higher on an absolute basis because the property subject to tax is worth more.