Tax Policy Center

pension

Individual Taxes: TaxVox
When we moved to Michigan from Florida in 2014, we braced ourselves for a dramatic change in weather (hello, snow!) and our state tax bill (good-bye, income-tax-free Florida!). We also learned from a newly-retired Michigander that when the time comes, we’d have to pay the state’s 4.25 percent income tax on pension income.
March 1, 2017Renu Zaretsky
: TaxVox
The Rubio-Lee tax reform plan: Interesting, very expensive, and DOA. The GOP senators offer a framework for a huge tax cut that would add trillions to the debt over the next ten years while moving the revenue code towards a consumption tax. TPC did a preliminary analysis of an early version of the
March 5, 2015Renu Zaretsky
Federal Budget and Economy: TaxVox
The president’s FY 2014 Budget would limit tax benefits for workers with high-balance retirement saving accounts. Although critics call the plan a blow to workers’...
April 12, 2013Benjamin H. Harris