Tag Archives: Kiplinger

Knoxville makes Kiplinger ‘Best Value’ cities list

Knoxville scored some valuable national publicity today, ranking fifth on Kiplinger’s Personal Finance magazine’s list of the Top Ten “Best Value Cities” of 2011.

No.1 is Omaha, Neb., followed by Charlotte, N.C., and Nashville.

The rankings are based in part on population growth, unemployment rate, income growth, housing costs and other data. The magazine cites the city’s low taxes, affordable housing, entertainment options and revitalized downtown among the reasons it made the Top Ten.

Here’s some of what Kiplinger’s says about Knoxville:

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Tennessee — retiree tax heaven

Tennessee’s tax-friendly reputation makes it one of the best states for retirees looking to reduce their tax burden, according to a report by Kiplinger.com.

PAULSON+MONEY.jpg“The Volunteer State is a very tax-friendly state. Tennessee has no broad-based income tax, so salaries, wages, Social Security benefits, IRA distributions and pension income are not taxed. But the state does levy a 6 percent tax on stock dividends and interest income from bonds and other investments,” the report says.

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