Dou­ble tax­a­tion on re­tirees: ‘How can that be fair?’

The Morning Call - - TOWN SQUARE A PLACE TO BE HEARD -

Many Pennsylvan­ia re­tirees without pen­sions re­ceive in­come from 401(k), IRA or an­nu­ity ac­counts to sup­ple­ment their So­cial Se­cu­rity. It must be re­mem­bered that for those who worked their ca­reers within Pennsylvan­ia, state taxes were al­ready withheld on that in­come when they de­posited it into the IRA, an­nu­ity or com­pany 401(k).

There­fore if the state de­cides to tax this retirement in­come upon with­drawal ac­cord­ing to state Rep. Frank Ryan’s plan, they are tax­ing the se­niors twice.

How can that be fair? How would ev­ery­one like it if the gov­ern­ment sud­denly de­cided to tax your Roth IRA with­drawals?

Stephen Po­howsky Lower Ma­cungie Town­ship

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