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GUIDE TO TAXES ON RETIREES 2009-2010: GEORGIA
The Peach State is a peachy tax
environment for retirees. Social Security benefits are exempt and so are
most types of retirement income—including pensions, annuities, rental income
and investment income—up to $35,000 per person
for residents 62 and older.
Retirement income above the excluded amount is taxed at ordinary rates,
which top out at 6%. Food and prescription drugs are exempt. Real estate
taxes may include a combination of county, city, school and state taxes,
depending on location. Full-time residents qualify for a homestead
exemption of up to 40% of the fair market value of their house, and
residents 65 and older may qualify for additional deductions.
State Sales Tax—4% (food and
prescription drugs exempt). But local taxes may add an additional 4%.
Income Tax Range—1% - 6%.
Source: Kiplinger Magazine
GOLF COURSE NEWS
The Oak Grove Island Golf & Country Club
management sent us the following note:
The summer rain
has really made a difference to the course this year. The fairways and
greens are lush with grass and, subsequently, kept everyone busy keeping the
grass under control. Our new roller has been a great success and has really
taken our greens to the next level. Thank you to everyone who participated
in our Grand Draw for the roller.
Our new fleet of
golf carts arrived on the 3rd of September. These are the latest new model
from Club Car and will be a great benefit to the course for the next few
years. Come in and give them a try.
We are moving quickly into
the holiday season. Our bookings for parties and functions in the Bistro is
up from last year, which is a good sign. It is a great venue for any holiday
get together. Please keep us in mind if you are planning on having a party.
The pro shop has some great
deals on merchandise and currently has a new program to attract new
members. Call the pro shop for more details.
Sign up for our
“E-club” on our website. This has some great offers open only to “E-club”
members, plus you get a FREE round of golf on your birthday.
QUOTE OF THE MONTH
Do not go where the path may lead; go instead where there is
no path and leave a trail.
-Emerson
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"Proud Mary III"
CRUISING NEWS
This year’s annual trip
with Mary’s sister and her husband took us to the Baltic Sea in Northern
Europe.
We spent three days in Rotterdam,
Netherlands prior to bordering the Holland America Line M/S Rotterdam for
twelve days. Rotterdam is the largest seaport in Europe, easily understood
when one takes a sightseeing boat cruise around the massive harbor.
Thousands of containers are being unloaded off dozens of container ships at
any given time.
While on the ship, we made the most
memorable cruise we have ever been on, stopping in Oslo, Norway; Arhus,
Denmark; Warnemunde (Berlin), Germany; Tallinn, Estonia; St. Petersburg,
Russia; Helsinki, Finland; Stockholm, Sweden; and ending in Copenhagen,
Denmark, where we stayed for three days.
Boating was very popular in all of
the countries except Russia. Due to high fuel costs, sailboats were in
abundance. The most unbelievable exhibit we saw on the trip was in
Stockholm. In 1628 A.D., a great new Swedish warship,
VASA,
keeled over and sank in the Stockholm harbor on her maiden voyage. 333
years later, the ship was raised and now rests in a magnificent museum,
along with thousands of artifacts found with her.
Although most countries were very
prosperous, bicycles were a main source of individual transportation in the
cities. They were everywhere and contributed to a very fit population.
The most interesting cities, in
our opinion, were St. Petersburg and Berlin where reconstruction since World
War II and the subsequent fall of communism has been awesome. History and
opulence was prevalent in museums, churches and monuments.
We didn’t see
many Americans this year apparently due to the weaker dollar versus the
Euro.
It was nice getting back to Oak
Grove Island. One realizes how fortunate we are in America after visiting
other places in the world for a few weeks.

Mary and Len Gullickson
Your Oak Grove Island
Real
Estate Specialists for 15 Years,
"We live there!"
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