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Here are 13 states that won't tax your Social Security, 401(k), individual retirement account (IRA), or pension income. A map of the U.S. overlaid with $100 bills. Image source: Getty Images.
Here's a look at how various states tax retirement income. ... Washington state does feature a state capital gains tax, but only for high earners. ... Pennsylvania. The 41 states that don't tax ...
Illinois charges a flat state income tax of 4.95 percent, but all retirement income is exempt from paying the tax. This includes pension payments as well as distributions from retirement plans ...
Most retirement income is subject to state income tax in North Carolina, but residents with a taxable income of $47,150 or less are exempt. If your taxable income is between $47,151 and $238,200 ...
Males had a median income of $35,089 compared with that of $22,688 for females. The per capita income for the township was $17,269. Approximately, 4.1% of families and 5.4% of the population were living below the poverty line , including 3.7% of those who were under the age of eighteen and 13.0% of those who were aged sixty-five or older.
Prior to the passage of the capital gains tax, Washington State had the most regressive tax system of any state in the US. [9] The wealthiest 1% paid just 3% of their income in state taxes, while the poorest 20% paid 17.8%. [10] Advocates had long proposed a capital gains tax in order to help reduce this gap.
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For every 100 females, there were 93.0 males. For every 100 females age 18 and over, there were 86.8 males. The median income for a household in the township was $48,728, and the median income for a family was $54,601. Males had a median income of $37,213 versus $27,553 for females. The per capita income for the township was