Posted on 02/12/2025 8:34:39 AM PST by ducttape45
Has anyone else seen this? My daughter pinged me on it this morning, and the article came out last month, but this is the first I've heard of it and there is no mention of exactly what "retirement" income he's talking about. Indiana doesn't tax social security, but it does tax my government retirement.
I've been looking at other states that don't tax either and so far Iowa is at the top of my list of states to relocate to if Indiana continues to do things that drive away retirees.
Thoughts?
No income tax on SS benefits ever.
I don’t know. I would rather see my property taxes reduced.
I’m cynical. They may remove the tax on retirement income, but they’ll add a “fee” somewhere else and say that fee is not a tax.
Nowhere in the article is the political party of the governor mentioned.
Of it’s not needed as no Democrat would reduce taxes.
Left that place for TX 14 years ago. Don’t miss it.
Well, Illinois does not tax any Social Security retirement income.
Indiana does not tax social security either.
I agree. I would rather have property taxes reduced—that disproportionately affects retirees on a fixed income.
Well, Indiana has been reducing income taxes, but very, very slowly.
Yes, my property taxes and insurance keep going up each year with no end in sight. And being Indiana, we are really not one of the higher taxed states.
Michigan taxes SS and retirement income. They then waste the money on stupid stuff and demand ANOTHER tax for the roads that “shiny face” promised to fix when she ran as governor.
Our only saving grace is that the state does not tax food.
Indiana doesn’t tax grocery food either.
Indiana does tax IRA, 401(k) and pension income.
Illinois does not tax those.
While it sounds nice, some negatives:
1. Did the retiree vote for increased taxes that they will now not have to pay?
2. Will they now vote for tax increases because it doesn’t impact them.
If you don’t have skin in the game you shouldn’t have a say.
Just yesterday I told my daughter “Never ever vote for a tax increase, even if children are going to starve and die, it’s all fraud.”
Braun is also pushing a bill that reduces property tax. The teachers unions are screaming about how it will gut public education.
Wasn’t aware of that, thanks.
INTERESTING-—
SEEMS TO ME THE TEACHERS UNIONS GUTTED EDUCATION
What about Indiana property tax? Do retirees have have to pay that & if so, how much isit?
I always thought if you are retired and kids are grown you don’t pay anymore on your home (you pay on investment property for income). Businesses pay because the investing in the future employees.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.