[Mrs_Stokke]

Just tax pensions at 50%

Sounds like a plan. But Illinois is one of the few states in the nation that does not tax retirement income.

Go figure.

[Mrs_Stokke]

Figured I should probably back up that assertion:

Unlike the federal government, the State of Illinois exempts all retirement income from the individual income tax. Of the 41 states that impose an income tax, Illinois is one of only three that exempt all pension income and one of 27 that exclude all federally taxed Social Security income, according to a report from the Chicago Metropolitan Agency for Planning.

From Cost of Illinois' Retirement Income Tax Exemption