Newspaper Page Text
The Summerville News, Thursday, January 29, 1987
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Staff Photo By Tommy Toles
ABBY NORTON, LEIGH LINDSEY BUSY
Summerville Children Enjoy Snow
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ARSH, SANA MOMIN THRILLED BY SNOW
Basket Packed By Summerville Children
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. . . Changes In Taxes and IRA’s
Under the Tax Reform Act of 1986, some higher-income taxpayers who are active participants in an employer
retirement plan will have part or all of the federal tax deduction for their IRA contribution “phased out.”
You can easily determine if your tax deduction will be affected by looking at the chart below.
[| Non-Participant(s) } Active Participant(s)
TomAL 1; in a retirement plan || in a retirement plan
ADJUSTED i MARRIED
GROSS I 0 Rot e 'MARRIED MARRIED
INCOME [| SINGLE | Spouses SINGLE Filing Jointly Filing Separately
I Do Not You and/or Your You Participate
I Participate Spouse Participate
o
$1 to SIO,OOO jl‘ Full Deduction i‘ Full Deduction Full Deduction Phase-Out Range
SIO,OOO to $25,000 “ Full Deduction Full Deduction Full Deduction No Deduction
$25,000 te $35,000 ‘ Full Deduction ' Phase-Out Range Full Deduction No Deduction
$35,000 to $40,000 ‘} Full Deduction | No Deduction Full Deduction No Deduction
$40,000 to $50,000 |i Full Deduction No Deduction Phase-Out Range No Deduction
Over $50,000 l Full Deduction No Deduction No Deduction No Deduction
|
IF YOU ARE IN THE PHASE-OUT RANGE—Although the adjusted gross income level for each phase-out range differs, you can see that
each range is always SIO,OOO regardiess of your filing status, i.e., the single taxpayer range is $25,000 te $35,000. As the amount of your
adjusted gross income increases within the appropriate phase-out range, the dollar limit of your tax deduction is reduced proportionately.
EXAMPLE: You participate in your employer’s retirement plan. You are married, filing a joint return, with total adjusted gross income of
$43,000. Since you have $3,000 of adjusted gross income in the phase-out range, the maximum deduction of $2,000 would be reduced by 30%
(83,000+-$10,000). Therefore; your deduction limit is 100% of compensation up to $1,400. If you were to contribute $2,000, then $1,400 would
be deductible, and S6OO would be non-deductible. If your spouse contributes $2,000, your spouse may also deduct $1,400.
For More Information Come By Any of Our Four Convenient Locations — Summerville, Trion,
Lyerly and Menlo.
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MENLO GRANDMOTHER BUILDS SNOWMAN
Rosemary Howard Checks Her Work
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Staff Photo By Tommy Toles
RESIDENTS PREPARED FOR SNOWFALL
Many Hit Local Grocery Stores
MOST SINCE 1940
Snow ‘Gone With Sun’
from front page
18 degrees Friday morning
froze standing water on
streets, roads and sidewalks,
making early-morning driving
and walking dangerous in
many areas. R e
Bill Kinzy, Trion school
superintendent, said he
originally intended to have
classes on Friday but after
checking ice problems at the
Trion schools early Friday,
decided to cancel school for
another day.
EMC HURT
Milton “Cotton’ Greeson of
North Georgia Electric
Membership %orp. (EMC),
South Trion, said ‘lt was one
of the worst storms we've had
since the early "70s so far as ice
and snow are concerned. It
stuck to the lines really bad."
At some time, between
4,600 and 4,800 of the EMC'’s
5,800 customers were out of
power, Greeson said. All power
was out south of Taylor's
Ridge at one point, putting
around 2,300 customers in the
dark. That resulted from a
46,000-volt Georgia Power Co.
main line into an EMC substa
tion shorting out, Greeson
said.
The heavy snow caused
lines to bow and come in con
tact with each other, burning
out lines or causing circuit
breakers to trip, Greeson said.
Crews from throughout the
area began work around 11
p.m. Wednesday, Jan. 21, and
didn't quit until Friday morn
ing, he said. The local EMC of
fice had help from Pike, S. C.,
Tennessee and Fort
Oglethorpe, Greeson added.
FRUSTRATING
The work was frustrating at
times because workmen would
repair a line and go to another
location, only to have to return
to the first site where ac
cumulating snow or falling
trees hag caused another
outage, Greeson explained.
One section in the Gore and
Holland areas went out four or
five times.
Most main lines were
restored Wednesday night and
Thursday morning in spite of
the weather, he said, while
other service was restored by
Friday morning.
“It was a real booger,"”
Greeson said of the storm.
He expressed appreciation
to the EMC’s customers for
their patience while crews
worked to restore power.
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R B eA7 s o R T B D BSi e B Ot oe s
Greeson also warned residents
once again not to touch any
downefi utility lines after
storms but to call EMC offices.
GEORGIA POWER
Georgia Power Co., in con
trast, had few problems, said
Mike Smitfi. district
superintendent. The most
customers the utility had out
of service at any one time was
around 100, he said. The Sum
merville office was the first to
restore full power in the Rome
Division, which goes as far
south as Austell and as far
north as Dalton, Smith said.
There were fewer problems
in on Lookout Mountain than
in other parts of the county,
Smith said, although power
was out briefly on the
mountain.
He expressed appreciation
to Georgia Power customers
for allowing the utility to trim
trees along power line
rights-of-way.
Five Georgia Power crews
were working in the area dur-
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SNOW PLOW GETS RARE WORKOUT Staff Photo By Tommy Toles
Most Major Roadways Cleared Rapidly
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ing the storm from around 3
a.m, Thursday to 4 p.m. that
afternoon.
“SLAUGHTERED”
“We got slaughtered,” said
Boyce gooley of Clear-Vu
Cal))lle TV. Several main lines
were damaged and between
200 and 300 ‘‘drops’ (lines
from poles to houses) were torn
down by the weight of snow or
fallin fimbs. he said.
Afi customers but around
three had their service restored
by Monday morning and they
were expected to have televi
sion service back by that after
noon, Dooley said. G
“We were hit pretti" hard
and I'm really proud of the peo
{)le who woried so hard,”
)ooleg added. One injury was
recorded, he said. Ronnie
Pilcher was hurt in a truck ac
cident on Lookout Mountain,
Dooley said. :
“This was the worst we've
ever been hit with ice and snow
and I think the reason was it
was pretty sticky and it stuck
to the lines,” he said,
GTE
GTE had few telephone pro
blems, said G.C. Picfile.
manager. Around 85-90 trouble
spots were recorded around the
county, he said, and all were
back in service by Monday.
Most involved lines leading to
houses rather than main lines,
he said. The most customers
out of service at any one time
was 48, he said.
Some roads were dangerous
Friday because of ice spots, but
the mercury rose into the
mid-40s by late Saturday and
rain began that night. Will
ingham recorded 1.8 inches of
rain during the weekend while
Kilgore measured 1.1 inches of
rain at Trion. 0
Skies had cleared by Mon
day and the temglerature
started dropping rapidly. Tues
day morning was the coldest
recorded so far this winter
season.
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