KNOXVILLE, Tenn. (WVLT) -- State Rep. Joe Armstrong, a Knoxville Democrat, has been indicted by a federal grand jury for allegedly being involved in a tax fraud scheme.Clueless twit.
According to the indictment, the scheme began in 2006 before there was any public mention of boosting the state cigarette tax. It alleges Armstrong and others devised a plan to buy cigarette tax stamps at the then price of 20-cents, knowing it would soon increase to 60-cents and wholesalers would have to buy new tax stamps.
The document alleges Rep. Armstrong, who was a member of the Finance Ways and Means Committee, had insider knowledge that the increase would pass.
Armstrong is also accused of claiming less than he made on his 2008 tax returns. According to the indictment, his return showed taxable income of $152,999 when he knew his taxable income was $471,418.
Wednesday, June 17, 2015
At Least The Media Identified Him As A Democrat
From Channel 8 in Knoxville: