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Tennessee

Tennessee is a U.S. state located in the Southern United States. In 1796, it became the sixteenth state to join the union. Tennessee is known as the "Volunteer State", a nickname it earned during the War of 1812, in which volunteer soldiers from Tennessee played a prominent role especially during the Battle of New Orleans. 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. Major outputs for the state include textiles, cotton, cattle, and electrical power. The Tennessee income tax does not apply to salaries and wages, but most income from stocks, 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%. Generally, the state's sales and use tax rate is 7%. Food is taxed at 6%, but candy, dietary supplements and prepared food are taxed at the increased 7% rate. Local sales taxes are collected, and those rates vary from 1.5% to 2.75% (bringing the total to between 8.5% and 9.75% sales tax, one of the highest in the nation). Intangible personal property is assessed on the shares of stock of stockholders of any loan company, investment company, insurance company or for-profit cemetery companies. The assessment ratio is 40% of the value multiplied by the tax rate for the jurisdiction. Tennessee imposes an inheritance tax on decedents' estates that exceed maximum single exemption limits. Tennessee is a right to work state. Name origin The earliest variant of the name that became Tennessee was recorded by Captain Juan Pardo, the Spanish explorer, when he and his men passed through a Native American village named "Tanasqui" in 1567 while traveling inland from South Carolina. European settlers later encountered a Cherokee town named Tanasi (or "Tanase") in present-day Monroe County, Tennessee. The town was located on a river of the same name (now known as the Little Tennessee River). It is not known whether this was the same town as the one encountered by Juan Pardo. The meaning and origin of the word are uncertain. Some accounts suggest it is a Cherokee modification of an earlier Yuchi word. It has been said to mean "meeting place", "winding river", or "river of the great bend". The modern spelling, Tennessee, is attributed to James Glen, the governor of South Carolina, who used this spelling in his official correspondence during the 1750s. In 1788, North Carolina created "Tennessee County", the third county to be established in what is now Middle Tennessee. (Tennessee County was the predecessor to current-day Montgomery County). When a constitutional convention met in 1796 to organize a new state out of the Southwest Territory, it adopted "Tennessee" as the name of the state. Trivia * The State of Tennessee has seven State Songs. * On August 18, 1920, Tennessee became the thirty-sixth and clinching state to ratify the 19th Amendment to the U.S. Constitution, which allowed women the right to vote. * USS Tennessee: Four ships of the United States Navy (and two ships of the Confederate States Navy) have been named in honor of Tennessee. Source: Wikipedia.org - English

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