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New York is *my* city...
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iBoaterer[_3_]
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First recorded activity by BoatBanter: Mar 2013
Posts: 3,069
New York is *my* city...
In article ,
says...
On Mon, 22 Jul 2013 14:47:01 -0400, iBoaterer
wrote:
In article ,
says...
On Mon, 22 Jul 2013 12:34:17 -0500, Califbill
wrote:
wrote:
On Sun, 21 Jul 2013 04:49:53 -0700 (PDT), True North
wrote:
Tax free??
No wonder 'merica is teetering on bankruptcy
Yup any fireman or cop who retires on disability is immune from state
or federal taxes on their pension.
BTW I am sad about my neighbor, He had a massive stroke last night and
did not wake up
RIP Les Stacho. We will miss you.
Only up to 50% is tax free. But here in California 90+% of firemen retire
on disability. Seems as if they could do the job for all 30 years, but
get.a disability rating on retirement. I thought Florida had no personal
income tax.
He was not paying ANY federal income tax.
Cite?
A legal decision that reaffirms this.
http://ericjohnltd.com/ericjohnltd/2...pension-issue/
Oh, man.....
"The IRS argued that the benefits paid after turning age 50 were taxable
retirement income. It cited Tateosian, TC Memo 2008-101, where the Tax
Court held that because a disabled pensioner?s disability benefits
effectively terminated under Minnesota law once he turned age 50 and
became a deemed service pensioner, his payments could no longer be
characterized as compensation for personal injuries under SS104(a) for
federal income tax purposes."
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