published Wednesday, January 8th, 2014

Hall Tax explained — and more letters to the editors

Hall Tax explained

In a letter published on Jan. 6, the writer stated that capital gains derived from the sale of property and stocks are taxable in Tennessee at a 6 percent rate. In fact, that income is specifically excluded from Tennessee's income tax, commonly known as the Hall Tax.

Capital gains distributions from mutual funds are, however, taxable. This information is available in the instructions for Tennessee's individual tax form and is available at the Tennessee Department of Revenue Website.

LEWIS RUSH


Change happens at the polls

Obamacare has now had its big roll-out and has been exposed as a colossal failure. Most of Obama's policies have been supported by a weak scaffold of rhetoric; this probably is the most egregious example.

When his eponymous health care introduction flopped so miserably Obama's solution was a speaking tour. At least naming this disaster after himself is fitting as his hubris would be satisfied by nothing less.

We Americans should have known better than to elect a bumbling community organizer for the most important job in the world. This brings to mind the soldier that prayed' "please God come help us and don't send Jesus, this is no job for a boy."

What is desperately needed is real leadership; which should not be confused with administration.

This administration is like an Augean stable that demands sweeping with an iron broom. I suppose even Hercules could not clean up this mess.

Fortunately we have the chance for real change with mid-term elections. Remember who wronged you at the polls. Not all is bleak for us however, as Winston Churchill said, "America can always be counted on to do the right thing -- after they have tried everything else."

JIM HOWARD


Support our local library

I was disappointed to read a recent letter's criticism -- "Library Going Downhill." I utilize our libraries several times weekly.

What wonderful free access to books, DVDs, magazines, PCs, fax, copy machines, free concerts, free exercise classes, children's activities, and good cheap coffee served with a smile.

The staff is well trained, professional and very willing to assist members. The director has updated the environments, and I observed professional development training of staff at their terminals.

They deserve our appreciation for improving free access to all city citizens.

LYNN CARROLL

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fairmon said...

LYNN CAROL WRITES....

What wonderful free access to books, DVDs, magazines, PCs, fax, copy machines, free concerts, free exercise classes, children's activities, and good cheap coffee served with a smile.

Free? How does that work? Who donates all the free stuff and cheap coffee? This doesn't suggest the Library is not a good asset for the city but to suggest things are free is misleading.

January 8, 2014 at 2:08 a.m.
LibDem said...

JIM HOWARD, Pointing out that the President named the health care system after himself was a brilliant stroke. I'm sure you will be toasted at the next tea party at the home.

January 8, 2014 at 7:43 a.m.
wallyworld said...

Jim Howard, We know and you know who dubbed the ACA "Obamacare", a childish move to say the least, but the right-wing "think tanks" thought that would turn people against it. As you will note, they don't call Medicare "Johnsoncare", now, why is that? This country has turned out to filled with uninformed and willfully ignorant people like you, we don't have a chance to save the middle class or this country.

January 8, 2014 at 7:54 a.m.
soakya said...

here's to the success of medicare, 88 trillion in unfunded liabilities. 22 trillion in prescription drug unfunded liabilities. 16 trillion in social security unfunded liabilities. raging successes in the liberals mind.

January 8, 2014 at 10:20 a.m.
LibDem said...

fairmon, It's an expression - "free". It doesn't really mean there's no cost to anyone. The "free" toaster I got when I opened my bank account wasn't really. (I think it fell off a truck.)

January 8, 2014 at 11:55 a.m.
Rickaroo said...

JIM HOWARD, The fact that you actually think that Obama is the one who dubbed the ACA "Obamacare" only shows the extent of the pathetically low IQ of the typical extremist right winger we are having to contend with today. That statement you made ranks right up there - or DOWN THERE, I should say - with that teabagger who once cried out for government to "keep their hands off my Medicare!" Brilliant.

And it's a bit premature to call Obamacare a "colossal failure." Sure, the way it was rolled out could well be considered a flop, but it will take some time yet before we can fairly judge whether the ACA itself is a failure or not. But then, judging fairly is something that you Obama-hating righties are apparently completely incapable of.

January 8, 2014 at 1:08 p.m.
Rickaroo said...

Fairmon, thank you so much for enlightening us. Most liberals like myself like to think that free stuff grows on the "free" tree, along with welfare, food stamps, and Obamacare. It's painful for us to be roused from our fairy tale (it's almost like finding out there's no Santa Claus!) but somebody has to do it. Thank you, fairmon, oh wise one.

January 8, 2014 at 1:25 p.m.
Plato said...

30 million people without insurance showing up at the ERs and receiving the most inefficient access to healthcare at the most expensive prices - the cost rolled back to the insured and the taxpayers. That in a nutshell is the GOP Healthcare Plan until they actually publish a different one.

January 8, 2014 at 5:29 p.m.
Rickaroo said...

Precisely. Succinctly and very clearly stated, Plato.

January 8, 2014 at 5:40 p.m.
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