Quote:
Originally Posted by BroadHopper
Since the owners of LLC pension plans are those who contributed to the pension plans, that means we are taxed. Yes! This is a form of income tax! The democrats have a sneaky way of getting to us. What is sad in retirees are on fixed income and it is not fair to add to the burden.
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Pension plan distributions are not taxed by NH - nor will they be taxed under the new law - Remember NH has no state income tax (except I think interest and dividends and gambling winnings are income - but the DRA does not agree with me). The only tax increase to retirees under the new law would be if you enjoyed gambling and won - your pension plans will not be taxed.