“These statutory changes were not made in an effort to grab funds to balance the Commonwealth budget, as claimed by ICI,” Craig said
Ya, right.
Outright theft by use of force.
If an estate, the proceeds should go to the heirs, not the State.
To those who have been paying attention, this is merely step #1 on the road to total confiscation of retirement and pension funds.
Those trillions are just too juicy of a target. And now that the rule of law no longer applies to the commoners...
They dream of the votes they can buy with that money.
Isn’t Vanguard based out of PA? That’s going to leave a mark....
Heads-up...
I truly don’t see how a state can tax an IRA. State taxes have already been paid, prior to investment. Feds, however, COULD. Ever hear of the Minimum Withdrawal?
In California the then gov Schwarzenegger stole money and belongings from safe deposit boxes saying they were abandon and the state could not locate anyone. Of course the reporters were able to.
Gov’t is filled with thieves!