Thursday, April 22, 2010

Illinois has a tax problem

Ten states exclude all federal, state and local pension income from taxation.  These include … Illinois...

Many states exclude Social Security retirement benefits from state income taxes.  The District of Columbia and 27 states with income taxes provide a full exclusion for Social Security benefits -- … Illinois....

States with the highest sales tax are:…and Illinois (6.25%). 

Illinois and Mississippi exclude income from qualified retirement plans.

Source: http://www.retirementliving.com/RLtaxes.html

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