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| Re: Bloomberg: End Free Metrocards For MTA Retirees (896735) | |||
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Re: Bloomberg: End Free Metrocards For MTA Retirees |
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Posted by randyo on Mon Feb 8 14:00:21 2010, in response to Re: Bloomberg: End Free Metrocards For MTA Retirees, posted by trainsarefun on Sun Feb 7 17:23:03 2010. That also exempts Federal pensions as well. There was a case a few years ago in Michigan in which the state taxed Federal gov't pensions but not state or local gov't pensions. Federal employees took the case to Federal court and the Feds ruled that if Fed pensions are taxable then state and local pensions also had to be and if state and local pensions were exempt then Fed pensions also had to be. All pensions had to be treated equally regardless of which way the state went. The state opted to make all gov't pensions exempt rather than tax state and local ones. |
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