Wednesday, January 9, 2013

White House Petition Submitted for Exemption of Military Retirement Pay.

White House Petition Submitted for Exemption of Military Retirement Pay.

Exempt all military retirement pay from Federal and State income taxation.

Petition for the Federal Government to exempt all military retirements from federal and state income taxation. The Federal Government can set the example to support no income taxation on military retirements. Some States already exempt all or a portion of retired pay from income taxation. States Without income taxation Alaska, Florida, Nevada, South Dakota, Texas, Washington and Wyoming do not have a personal income tax. Two others, New Hampshire and Tennessee, tax only dividend and interest income.

Created: Dec 27, 2012

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