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To: Moominoid who wrote (52825)	6/24/2006 12:34:45 PM
From: John Carragher	Read Replies (1) \| Respond to of 116555

in pa soc sec , ira withdrawals, pensions are not taxable in counting income. it leaves you with pension, dividends interest, capital gains,, net capital losses not recognized. basically if you are living off 401k or ira savings and soc sec in pa you have no income tax. if you have other taxable income then you go to calculations for tax forgiveness. up $15,250 married couple and $750 for a single person. 100% forgiveness ends at $13,000 married and $6500 single, after that there is decrease is % of forgiveness. it is possible for a married couple to earn up to $13,000 income and not pay any state tax plus soc sec ira withdrawals. then there is a real estate and rent rebate in pa. it was very low $15,000 income and included all income soc ira etc. With the reductions in real estate tax signed into law last week by Rendell effective 2008 most folks will get a reduction of about $1000 in tax from gambling slots. Plus the bill increased the rent realestate tax rebate up to $30,000 or so income. actually the gross income tax in pa is around 2.8% and that was recently increase the prior year from 2.3%