George, they're coming for your $$$
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Will the last retiree to leave the state, please turn out the lights?
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@Jolly said in George, they're coming for your $$:
Will the last retiree to leave the state, please turn out the lights?
That makes no sense. After the "last retiree" leaves the state, there are still other people (i.e., non-retirees) in the state who want and need the lights on.
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@Axtremus said in George, they're coming for your $$:
Well, @Jolly is in Louisiana and @Mik is in Ohio.
Can you confirm that your home state levies no tax whatsoever on retirement income?
If you find out that your state taxes retirement income, do you plan to move to another state that does not tax retirement income?Louisiana levies no tax on certain types of retirement income.
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I actually have no problem with taxing retirement income.
What I have a problem with is changing the rules after you've entered the game. This would not affect me a lot. However, there are a lot of people who plan their retirement income based on tax liability in the state in which they plan to retire.
If Illinois (please, don't...) wants to tax retirement income, let them do it going forward. However, it should be in the context of understanding that many of its citizens have made plans, difficult to alter, based on promises made in the past.
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