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12 States That Don’t Tax Social Security or 401(k)/IRA Retirement Income
Daily Trade Alert ^ | 10/31/2022 | Keith Speights, The Motley Fool

Posted on 10/31/2022 8:12:16 PM PDT by SeekAndFind

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To: Recovering Ex-hippie

So you figured out taxes are a scam? Good job my friend. 👍


21 posted on 10/31/2022 10:01:12 PM PDT by Cobra64 (Common sense isn’t common anymore.)
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To: SeekAndFind

POTUS is not an officer of a Corporation.

I am talking specifically about officers of Corporations and entities taxed as such.

Do I agree with it, no. That’s current IRS regs.


22 posted on 10/31/2022 10:21:43 PM PDT by SPDSHDW (Buy JHP ammo, Level 3/4 armor and rifles. Won’t be able to for much longer, and we’re gonna need em)
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To: SeekAndFind
The arrangement you describe is considered taxable income — specifically, “constructive receipt of income” — under very clear legal and financial standards.

The good news is that the Trump Organization stands a good chance of getting off the hook on this one … because the CFO who has already plead guilty in the case should know that better than anyone else in the company.

23 posted on 11/01/2022 2:16:54 AM PDT by Alberta's Child ("It's midnight in Manhattan. This is no time to get cute; it's a mad dog's promenade.")
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To: Sequoyah101

agree about Oklahoma

those “temporary” penny sales taxes never go away ( even on groceries ) and, then there’re the toll roads...will stop charging toll when the road is paid, or, like never !

I call Tulsa “T-Town” and the “T” stands for taxes


24 posted on 11/01/2022 3:06:15 AM PDT by nevermorelenore ( If My people will pray ....)
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To: SPDSHDW; SeekAndFind; All

The IRS, the federal income tax code, the 16th Amendment need to go and be replaced with a National Retail Sales Tax (NRST) with uniform exemption for everyone.

The uniform exemption set at 2022 poverty line of spending is $260 per individual and $792 per family of 4 on a monthly basis.

Spending above the uniform exemption would be taxable at the NRST rate. The uniform exemption is easily and efficiently administered through direct deposit.

Those that are rigged with stacked decks as rich, wealthy, would have no loopholes, no foundations to evade/avoid federal tax. As it stands now, the brunt of federal taxes is borne by the middle class. The upper middle class of doctors, lawyers, successful business persons are hammered with income tax they are not rich enough to avoid. The rich are able to avoid federal tax via clever tax accountants and money managers, the wealthy have foundations.

The federal income tax does not cover education, roads, police, state courts. These are funded by local taxes.

A large percentage of federal tax revenue goes to servicing the enormous federal debt.

Let that sink in.

The federal tax system is so complex and convoluted that it has spawned an industry within itself to feign enforcement and compliance.

Under the current federal tax system:

“Show me the taxpayer, and I’ll show you the tax.”

The current tax system can and is weaponized and selectively applied.

https://newtube.app/user/Hostage/4LqeJFt

The claim to fame put out in history by the IRS is the defeat of Al Capone. Today we have gangsters that appear as Al Capones on steroids. Under an NRST, all Al Capone type gangsters would be easy to prosecute. There is no need for an IRS CID to enforce tax laws. All purchasing is transparent and involves two parties, a seller and a buyer. A tax enforcement body can easily launch sting operations posing as a party to an illegal transaction.

Tax reform and a return to the gold standard are important goals under the Trump MAGA movement. In 2019, Trump appointed Judy Shelton to the Federal Reserve signaling her imminent appointment as Chair with the mission to tie the true US Dollar to gold. Trump also pushed for vast simplification of the federal tax system.

Understand that the Federal Reserve is only 10% of the central banking industry. The other 90% are international banks such as CITIBANK, JPMORGAN CHASE, WELLS FARGO, BANK OF AMERICA, US BANK, and many others collectively called central bankers. These central bankers have access to central bank money printing ‘dark money’ now implemented digitally at computers capable of creating funds from nothing and sending them to thousands of accounts worldwide with a click at the keyboard. The CIA acts as enforcers for the central bankers, making sure human assets are kept in line.

This dark money operation is the reason the Federal Reserve is never audited. Anyone calling for such audits is silenced, removed, disappeared.

It is thought that part of the reason Trump was removed from office is his signaling a return to the gold standard with the appointment of Judy Shelton. Much as JFK signaled a bypass of the Federal Reserve with separately issued US Silver Certificates, Trump openly discussed the end of the Fed and a release of records holding secrets of the JFK assassination.

There is a ruling class that will go to any extreme to brutally put down any threat to their central banking control which means trillions to them.

https://newtube.app/user/Hostage/74ZbrE2

Just as the 2020 Election ‘Steal’ is labeled the ‘The Big Lie’, all of the above concerning central banking is labeled a ‘Conspiracy Theory’. The goal now is to implement the Great Reset under the China Model where our money, our movements, our speech, our very lives can be turned off at the whim of unelected ruling party members.

If we win, a very big if, understand any ‘win’ will be a multi-year effort and fight to close the deal. We will be tasked with three enormous reforms to our United States:

1. Election reform,
2. Banking reform,
3. Tax reform.

Life is about to change in a very big way, so big that history will be made.


25 posted on 11/01/2022 3:09:29 AM PDT by Hostage (Article V)
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To: SeekAndFind

Georgia doesn’t tax retirement income up to around $65k each. Fannin county Georgia drops school taxes from your real estate taxes once you hit 65.


26 posted on 11/01/2022 4:09:13 AM PDT by maddog55 (The only thing systemic in America is the left's hatred of it!)
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To: GOPJ

and Tennessee !

Tennessee’s property taxes are also quite low.

The problem with Florida is high, very high, insurance rates.


27 posted on 11/01/2022 4:14:05 AM PDT by Baldwin77 (Super, Duper, Ultra Maga, subject of the Ultra Maga King Donald)
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To: SeekAndFind
Pennsylvania taxes pension income for residents who retire before age 60.

I don't believe this is correct. According to the 2021 PA-40 instructions, any retirement income from "commonly recognized pension, old age, or retirement benefits paid after becoming eligible to retire, and retiring" are not subject to personal income tax. There is no mention of age.

28 posted on 11/01/2022 4:49:49 AM PDT by Fresh Wind (Fox News is CNN-Lite.)
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To: SeekAndFind

Starting in 2023 Oklahoma will not tax military retirement.


29 posted on 11/01/2022 5:32:32 AM PDT by ops33 (SMSgt, USAF, Retired)
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To: Hostage
Thank you for your lucid and insightful post.

I looked at some of your posting history, finding other meaningful posts and Trump’s Oct 13 letter to the J6 show-committee that of course received no media attention.

I’ve often thought Trump’s team should read the posting history of FR participants and prepare those with “right minds” for future leadership roles in the administrative government. The deep state swamp must be replaced with those of solid ground.

30 posted on 11/01/2022 5:37:45 AM PDT by The Truth Will Make You Free
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To: maddog55
Georgia also does not tax Social Security.

Fannin county Georgia drops school taxes from your real estate taxes once you hit 65.

Most Georgia counties have the same exemption...Cherokee county and Cobb county for sure.

31 posted on 11/01/2022 5:39:39 AM PDT by FtrPilot
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To: SeekAndFind

Biden Inflation is killing the Social Security Trust Fund. What was fiscally sound will soon be going bankrupt.

Once Social Security uses up the Trust fund - EVERYONE TAKES A 20% CUT. The system was designed with this cut in the 1930’s and it is still going to happen automatically.


32 posted on 11/01/2022 6:22:03 AM PDT by MMusson
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To: Recovering Ex-hippie

1. The Feds take social security out of your paycheck but it is considered income and you pay income tax on the money they have taken.
2. The Feds then spend the money instead of investing it in retirement accounts.
3. The Feds give some back when you retire and call it income and you pay taxes on it again.

TAX IT, STEAL IT, TAX IT AGAIN. Al Capone was an amateur compared to our government.


33 posted on 11/01/2022 7:31:37 AM PDT by cpdiii (cane cutter-deckhand-roughneck-oil field trash- drilling fluid tech-geologist-pilot- pharmacist)
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To: cpdiii

Oy vey!


34 posted on 11/01/2022 7:54:41 AM PDT by NetAddicted (Just looking)
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To: nevermorelenore

Not just sad. Much worse than that.


35 posted on 11/01/2022 7:57:04 AM PDT by Sequoyah101
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To: SeekAndFind

Thanks.
BKMK


36 posted on 11/01/2022 9:11:42 AM PDT by Faith65 (Isaiah 40:31 )
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To: SeekAndFind
"What’s preventing you from migrating to one of these tax-friendly states?"

Many children & grandchildren & great-grandchildren (and their families) are clustered in southern Maryland...

They are what keep my wife (84) & me (89 this month) happy and sane...

37 posted on 11/01/2022 9:55:39 AM PDT by SuperLuminal (Where is the next Sam Adams when we so desperatly need him)
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To: cpdiii

is it chile that invest their scial security and retirees are al set


38 posted on 11/01/2022 7:12:03 PM PDT by Recovering Ex-hippie (The 2020 election Trump victory determines the fate f America and Freedom.)
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To: SeekAndFind

Social Security is unconstitutional. So are Medicare, Medicaid and Obamacare. I’m hoping the patriots/conservatives on the Supreme Court does away with illegal socialist schemes like that — soon.


39 posted on 11/03/2022 2:49:20 PM PDT by GodAndCountryFirst
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