{"id":61334,"date":"2015-08-11T09:00:50","date_gmt":"2015-08-11T13:00:50","guid":{"rendered":"http:\/\/valorguardians.com\/blog\/?p=61334"},"modified":"2015-08-11T09:01:14","modified_gmt":"2015-08-11T13:01:14","slug":"states-try-to-exempt-veteran-pension-from-taxes","status":"publish","type":"post","link":"https:\/\/www.azuse.cloud\/?p=61334","title":{"rendered":"States try to exempt veterans’ pension from taxes"},"content":{"rendered":"

Chock Block sends us a link from Pew<\/a> which talks about states’ taxes and military veterans’ pensions. It seems that some states want to appear more attractive to veterans by giving them a tax break. Of course, the big detriment to a tax break is that some people don’t realize that the money that we want to keep is ours and not the governments – we earned it in return for our service;<\/p>\n

…David Brunori, deputy publisher of Tax Analysts, a specialty publication, says any tax exemption of retirement income is bad policy. <\/p>\n

\u201cExempting military pensions from tax is good politics\u2014everyone loves veterans,\u201d he said. \u201cBut it is not targeted [to low-income people]. Some veterans go on to make a lot of money in the private sector and end up pretty well off. There is no reason in the world to exempt their income from tax.\u201d<\/p><\/blockquote>\n

Well, low income earners don’t pay much in taxes, if they pay any taxes, so why do they need a tax break? I’m sure States don’t need to attract more low income workers anyway. If you let veterans keep more of their own money, they’ll spend it and states will recover what they lost in income taxes with sales taxes and everyone is happy.<\/p>\n

Maryland voted to raise the threshold for the taxable portion of military pensions to $10,000, but it is still only half of West Virginia’s threshold. So folks can live in West Virginia and work in Maryland and cheat Maryland out of the whole enchilada completely. Or they can live in Virginia or Pennsylvania and work in Maryland still saving their own money.<\/p>\n

I’m for cutting taxes on everyone, I’m not jealous when someone gets a tax break that I don’t. Veterans or veterinarians. People keeping their own money is always a good thing.<\/p>\n

Eventually, the government will have to quit spending like drunken sailors on liberty what tax payers earn (apologies to drunken sailors on liberty). Tax cuts don’t have to be “paid for” like politicians say – the politicians should be cutting their wild spending instead of trying to make us feel guilty about wanting to keep more of our money. <\/p>\n","protected":false},"excerpt":{"rendered":"

Chock Block sends us a link from Pew which talks about states’ taxes and military veterans’ … States try to exempt veterans’ pension from taxes<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[142],"tags":[],"class_list":["post-61334","post","type-post","status-publish","format-standard","hentry","category-taxes"],"_links":{"self":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts\/61334","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=61334"}],"version-history":[{"count":0,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts\/61334\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=61334"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=61334"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=61334"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}