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Old 03-28-2009, 05:30 PM
 
Location: Utopia
1,999 posts, read 6,605,775 times
Reputation: 1344

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After 62 years of age there is an exclusion of $35,000 on your State income tax. So, if I earn $25,000 in dividends, interest, capitol gains, rental income, etc. does this mean I pay O (as in zero)? Can someone explain your State income tax rate for over 62 y.o. people in simple language? Do I have it wrong?
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