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Why do most states tax the pensions of out-of-state'rs who move

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Southsideirish Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-02-04 08:19 PM
Original message
Why do most states tax the pensions of out-of-state'rs who move
there?
Wouldn't they be glad to encourage new residents in order to increase their tax base? Or do they think they (retirees) would be more of a potential financial burden than a help?
If the latter, it seems like old fashioned thinking considering all the very young retirees out there nowadays.
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BayCityProgressive Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-02-04 08:23 PM
Response to Original message
1. plus
extra taxes are the last thing retirees need.
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Southsideirish Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-02-04 08:25 PM
Response to Reply #1
2. Right! We were thinking about moving to Iowa but now I hear they
have a big tax (7%) on out of state retiree pensions. Doesn't seem very smart.
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PragMantisT Donating Member (893 posts) Send PM | Profile | Ignore Wed Jun-02-04 08:35 PM
Response to Original message
3. Gotta tax something!
Can't tax a factory, or they'll go elsewhere. Gotta give a tax break to Bass Pro Shop, or they'll go elsewhere.
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leftyandproud Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-02-04 08:36 PM
Response to Original message
4. because
government needs money silly
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Southsideirish Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-02-04 08:50 PM
Response to Reply #4
5. But I would be a good little spender, buy a house, maybe get a job
(if I was extraordinarily lucky, of course...) - then there would be even more taxes for the gaping maw to swallow up.
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