Monday, October 05, 2009

Another reason to ditch the TN Death Tax and Hall Tax

Boomers are headed to the country. Lets invite them to TN...and the best way to do this is to REPEAL the TN Death Tax and the TN Hall Income Tax on Dividends and interest.

The Death Tax and the Hall Tax are both like big red alerts telling retired seniors to STAY OUT of Tennessee.

And it's not just because the 83 million boomer generation is the largest in U.S. history and all of their movements are out-sized. Demographers are talking about a genuine "deconcentration" of population near metro centers. Urban areas will see a net loss of people age 55 to 75, while in non-metro areas that age group will increase by 1.6 million nationally during the next 10 years.

Migrating boomers will have an especially deep impact on small towns and rural counties on the outer ring of Oregon's metro areas. If you're the economic development director of a small town in a scenic setting, researchers say, you'd be better off developing golf courses and bike trails than competing with every other city to lure the next big manufacturing plant. While you're at it, make sure your medical facilities are up to date.