Tag Archives: taxes

Warren Buffett: Save America, raise taxes on the rich

In a New York Times op-ed piece, the chairman and CEO of Berkshire Hathaway offers Economy+Leaders.jpgCongress sage advice for solving the fiscal crisis facing the federal government.

In a nutshell, Buffett advises Congress to leave tax rates unchanged for 99.7 percent of Americans, but immediately raise tax rates on the mega-rich.

We hear a lot from the extremists from the political right that raising taxes on the rich would be a job killer,  Buffett exposes that ridiculousness for what it is.

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Haslam offers ray of hope on Amazon tax issue

It looks like Gov. Bill Haslam is ready to make Amazon.com start collecting Tennessee sales taxes
Amazon+Sales+Tax.jpg.

According to a story in the Tennessean, The governor wants “to work out some arrangement that works for them to stay and grow in Tennessee and yet for us to collect the sales tax that we need,” Haslam said. “We would hope to do something prior to the legislature coming back” in January.”

The governor’s comments are good news for Tennessee businesses.

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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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Steve Forbes selective memory will fix economy

In the wake of the Fed’s dismal economic forecast, businessman and former presidential
forbes.co%232356.jpgcandidate Steve Forbes weighs in today with his recommendations for fixing the economy.

In an interview on The Daily Ticker, Forbes pitches a return to the gold standard, cutting corporate taxes and recalls the successful “pro-growth” policies of the Reagan era.

Forbes conveniently ignores the fact that Reagan raised taxes several times to keep the economy growing. Nonetheless, it’s always interesting to listen to Forbes view of the world.

Video: Want To Fix The Economy? Cut Taxes And Go Back To The Gold Standard, Says Steve Forbes

Photo: Steve Forbes/ Knoxville News Sentinel archives

Amazon bullies all states except one

Internet retailer Amazon.com Inc. isn’t always opposed to expanding in states where it is required to collect sales taxes.

The company announced this week that it would build a new fulfillment center in Sumner, Wash. Amazon, which is based in Seattle, Wash., already collects state sales taxes on purchases made by Washington residents.

The company plans to build Tennessee fulfillment centers in Hamilton and Bradley counties, but state government has waived the rule that would have required Amazon to collect local and state sales taxes on purchases by Tennessee residents.

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Reagan and Obama: Champions of necessary tax increases

Columnists often lift quotes from political speeches to illustrate the point they’re trying to make. I’ve done it myself many times — it’s an excellent way to add emphasis to what you’re writing.

RONALD+REAGAN.jpgHowever, keeping the quote in context isn’t always easy. A case in point, David Moon’s column in Sunday’s News Sentinel. In the April 24 column, Moon used a quote from President Barack Obama to draw a contrast between Ronald Reagan’s tax reform policies and the current president’s financial reform policies.Obama+Tax+Cuts.jpg

The Obama quote — from a speech just about a year ago — has been widely repeated by the president’s political opponents who want to paint him as a socialist. Unfortunately, the quote is often taken out of context.

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How GE games the tax code and what it really pays

ProPublica offers an in-depth look at how General Electric games the system to pay as little federal taxes as possible.

It’s not illegal for GE to use using the tax code to its advantage. But it’s interesting to see how much GE spends on tax avoidance.

Here are the ProPublica stories:

5 Ways GE Plays the Tax Game

Setting The Record Straight on GE’s Taxes

Agreement to benefit Hispanic Chamber of East Tennessee

Members of the Hispanic Chamber of Commerce of East Tennessee now have a new resource to help them grow.

VelazquezLuis.jpg.jpgThe Hispanic Chamber on Tuesday signed an inter-chamber agreement with the Tennessee Small Business Development Centers that will provide Hispanic business owners free advice on developing a business plan, loans, taxes and other business matters.

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