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Author: FCorelli Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 1498  
Subject: Re: What is the best state to retire in? Date: 5/11/2004 6:34 PM
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From a tax perspective, I've heard that Pennsylvania is an attractive state for retirees since they don't tax income drawn from pensions and other retirement vehicles?

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PA's regular income taxes are also pretty low - 2.8% IIRC. The rub is that other costs can eat you up. Look at real estate along the NYS - PA border and you'll find similar stuff in PA is usually substantially more expensive.



This is also important to rememebr about PA: The STAT E income tax is low and it is a flat tax so it's "easy". BUT... PA is fairly unique in that every township (what everybody else calls a "county" if I recall correctly. Or maybe it's a Borrough?) has their own little "income tax" that you never hear about in discussions of "State income taxes". It actually makes PA taxes competative if not greater than many states
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