Are Pensions Taxable In California – ● Every state that has a personal income tax provides tax benefits for seniors that are not available to younger taxpayers. The best academic research indicates that the median state requires seniors to pay about a third less in personal income tax than younger families with similar incomes. Most of these subsidies are costly and poorly targeted. In many states, seniors with higher incomes pay less in taxes than younger families with much lower incomes. However, many states have been on a steady march toward enacting and expanding scholarships for seniors.
● Twenty-seven states …