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  2. It's True: These 37 States Do Tax Some Retirement Income - AOL

    www.aol.com/finance/true-37-states-tax...

    Nevertheless, with most state income tax rates ranging anywhere from 4% to 13%, avoiding these income taxes could save you hundreds if not thousands of dollars per year.

  3. It's True: Most States Do Tax Some Retirement Income - AOL

    www.aol.com/finance/true-most-states-tax...

    Instead, $20,400 could be added to your annual income and taxed like any other income. If your tax rate is 22%, for example, you could owe up to $4,488 extra. Retirees shouldn't expect to give up ...

  4. The best states for an early retirement - AOL

    www.aol.com/article/2016/02/08/the-best-states...

    To calculate effective income tax rates, we ran over 30,000 simulations of our retirement income tax calculator. We simulated the state and local income taxes paid in every state for persons age ...

  5. State tax levels in the United States - Wikipedia

    en.wikipedia.org/wiki/State_tax_levels_in_the...

    Taxation in the United States. State tax levels indicate both the tax burden and the services a state can afford to provide residents. States use a different combination of sales, income, excise taxes, and user fees. Some are levied directly from residents and others are levied indirectly. This table includes the per capita tax collected at the ...

  6. Congressional pension - Wikipedia

    en.wikipedia.org/wiki/Congressional_pension

    Congressional pension is a pension made available to members of the United States Congress. As of 2019, members who participated in the congressional pension system are vested after five years of service. A pension is available to members 62 years of age with 5 years of service; 50 years or older with 20 years of service; or 25 years of service ...

  7. Retirement plans in the United States - Wikipedia

    en.wikipedia.org/wiki/Retirement_plans_in_the...

    Retirement plans are classified as either defined benefit plans or defined contribution plans, depending on how benefits are determined.. In a defined benefit (or pension) plan, benefits are calculated using a fixed formula that typically factors in final pay and service with an employer, and payments are made from a trust fund specifically dedicated to the plan.

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