Talk of The Villages Florida - View Single Post - Taxing Pensions????
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Old 07-07-2008, 09:43 PM
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Muncle Muncle is offline
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Default Re: Taxing Pensions????

Somebody will be a lot more familiar with the following than I am, but possibly what you're concerned about is a state income tax ruling that was used by some states at some time in the '90s. States were claiming that since you earned X% of your retirement pay by working in their state, you should pay state income tax on X% of your retirement pay to that state regardless of where you lived in retirement. This got especially hairy if you worked for a corporation that moved you around a lot. You could end up having to file and paying to 5 or 6 different states as well as the one in which you lived. If I remember correctly, California and New York were two of the states pushing this hardest.

The battle went to the court system, maybe as high as the US Supreme Court, where the states were defeated. You're only required to pay taxes in those states where you are a resident.

This is all from memory. I did a quick Google, but could find nothing on it. I don't think I imagined all that stuff -- it's a bit too detailed for even my imagination -- but I cannot cite court cases, laws, or dates. I hate what old age is doing to my ah, you know, ah, whatdayacallit, er . . . remember thing.
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