Tag Archives: wages

Knoxville improves on Milken best-performing cities list

Metropolitan Knoxville rose to 92nd on the Milken Institute’s 2010 list of the best-performing cities in America, up 27 spots from 119th last year.

The regional economy regained some momentum with a slight improvement in job growth — a 0.59 percent increase from April 2009 to April 2010 — and a better-than-average performance in wages and salaries growth.

That’s a mighty slender increase in job growth, but it’s a better showing than most other metro economies.

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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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