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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?


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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