Taxes by State
Is there a list anywhere showing comparison of taxes required by State for pensions, social security, vehicles etc.
Forum Discussion
I don't know how any one list could handle all of the variations. That said, here are some sites you can check out.
Kiplinger State-by-State Guide to Taxes on Retirees
By clicking on the states (in the map) you can create a list comparison list. Also, use the links on the bottom left for such things as The 10 most tax-friendly states for retirees.
Retirement Living Information Center
Click on the Taxes by States link on the right side of the page.
When looking at lists, I wonder how up to date they are. For example, many list will show the tax rate for North Carolina to be 5.75% - but it is 5.4999% currently. (It's a flat rate.)
About variations. The Kiplinger page (above link) list NC as not tax retiree friendly. However, if one is a "Bailey" retiree (defined on the NC page) all retirement funds (social security, pensions, IRAs, 401Ks) are exempt. (I'm a "Bailey retiree :)) Note: social security is exempt for all retirees.
Tom
Kiplinger State-by-State Guide to Taxes on Retirees
By clicking on the states (in the map) you can create a list comparison list. Also, use the links on the bottom left for such things as The 10 most tax-friendly states for retirees.
Retirement Living Information Center
Click on the Taxes by States link on the right side of the page.
When looking at lists, I wonder how up to date they are. For example, many list will show the tax rate for North Carolina to be 5.75% - but it is 5.4999% currently. (It's a flat rate.)
About variations. The Kiplinger page (above link) list NC as not tax retiree friendly. However, if one is a "Bailey" retiree (defined on the NC page) all retirement funds (social security, pensions, IRAs, 401Ks) are exempt. (I'm a "Bailey retiree :)) Note: social security is exempt for all retirees.
Tom
