Tennessee politics behind the scenes
Thanks for providing such a good description of the Hall Tax. However, it seems like people over 65 should not have to pay the Hall Tax.According to the guidelines for 2012, someone making only around $27,000 per year will have to pay 6% of their interest and dividend income to the state. $27,000 is not a lot of money for someone to have to live on for an entire year. And with CD's paying less than 1%, and a lot of older people afraid to start investing in the stock market, what are they to do?The Hall Tax is a drain on their savings. Many older people are afraid of running out of money before they run out of time.Could this be considered in the future? I mean you could still tax people for 40+ years, until they were 65.
Here are the rules for comments. Know them. Live them. http://lastcar.blogspot.com/2011/04/rules-for-comments.html?m=1