1. State Taxation: Tennessee vs. the Border States TSCPA Knoxville Chapter 07/12/12 Sean W. Brewer, CPA Daniel N. Messing, CPA Pugh & Company, P.C. 315 N. Cedar Bluff Road; Suite 200 Knoxville, TN 37923

2. Tennessee

3. North Carolina

4. South Carolina (Yes, we know its not a border state)

5. Alabama

6. Georgia

7. Kentucky

8. Missouri

9. Virginia

10. Mississippi

11. Arkansas

12. Facts

13. Comparison

14. Questions? Sean W. Brewer, CPA 315 N. Cedar Bluff Road Suite 200 Knoxville, TN 37923 sbrewer@pughcompany.com (865) 769-1649 Daniel N. Messing, CPA 315 N. Cedar Bluff Road Suite 200 Knoxville, TN 37923 dmessing@pughcompany.com (865) 769-1663