Insurance and Finance

Top Insurance Stories – Subscribe to Insurance and Finance here

Tennessee Moves to End Tax on Dividend Income

Tennessee legislators this week are considering a bill to phase out the state’s 6 percent tax on dividend and other investment income. Tennessee already has no tax on wages or salaries. The state’s tax on dividend and other income is known as the “Hall Income Tax” after State Senator Frank Hall, who led the fight for it in 1929. Gov. Bill Haslan has publicly opposed the tax cut but more than half the state’s legislators from both sides of the political aisle have signed a pledge to do away with...

One Hundred Years of the Federal Reserve

Two days before Christmas 1913, President Woodrow Wilson signed the Federal Reserve Act, creating America’s latest and current central bank, the Federal Reserve System. It’s a sobering thought that in the 100 years since the Fed’s creation, the dollar has lost 95 percent of its value. Had the Fed never been created, America would be dotted with Nickel Stores (other things being equal) instead of Dollar Stores. But that is just the beginning of the sad tale. The Fed was not America’s first...

Read the latest issue of FIRE News

A monthly publication featuring the latest news on the issues that matter most.

Latest News in Insurance

Syndicate content