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Economy / Taxes

Justice for Seniors

By Maurice Harris on Jul 11, 2007

In a Daily Dunklin Democrat article (via Combest), seniors cheer the Senior Tax Justice Act, recently signed into law by Gov. Matt Blunt. This legislation removes Missouri from the list of states that taxed non-private retirement benefits. A senior named Betty Bradley comments:

"The state taxes were just eating us alive," she said. "We are really
thankful for what the state has done regarding this matter."

This act will help to keep people in Missouri, now that their retirement funds are exempt from taxation. It’s a great first step to protect workers’ retirement funds from being raided for government coffers. A good next step would be to save other citizens’ retirement funds from taxation as well — for instance, the state taxes my father’s pension check every month.

Hopefully, this is the first step of many in protecting older Missourians from the grabbing hands of government.

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Maurice Harris

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