Madmallard
.223 Rem
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New York Ranked One of the Worst States For Military Retirees
- Thread starter Madmallard
- Start date
Steal2B
.700 Nitro Express
NY may be a poor choice for vets but FUAC and company made sure it seems to be a good choice for relocating MS-13 animals though.
Mr. terzmo
.308 Win
And the southern subburb...puerto Rico
Mr. terzmo
.308 Win
I know a lot of Vets who retired and have left this State.
51st out of 50 states?
Wat?
I believe the Puerto Rico is included in these types of stats due to how many of their people serve.
GOYABEAN
.950 JDJ
Should be worse for any retirees 
Or DC, but it specifically says "50 states."
"To help the troops plan their years after service, Wallethub compared the 50 states across 27 key indicators of retirement-friendliness toward veterans. "
Yeah, I saw that, I was only try to make a bit of sense out of it. If one is going to put out stats and facts, one should proofread first.
Deplorable Me
.700 Nitro Express
NY is actually the worst state for any intelligent life form willing to work for a living.
Steal2B
.700 Nitro Express
Link to the referenced article
"WalletHub sought to help ease the burden on our nation’s military community by comparing the 50 states and the District of Columbia based on their ability to provide a comfortable military retirement. Our analysis uses a data set of 27 key metrics, ranging from veterans per capita to number of VA health facilities to job opportunities for veterans."
The study concluded that blue states were far less veteran friendly. New York was not the worst (that honor was Washington DC) but NY really sucks FUAC.
2018’s Best & Worst States for Military Retirees
"WalletHub sought to help ease the burden on our nation’s military community by comparing the 50 states and the District of Columbia based on their ability to provide a comfortable military retirement. Our analysis uses a data set of 27 key metrics, ranging from veterans per capita to number of VA health facilities to job opportunities for veterans."
The study concluded that blue states were far less veteran friendly. New York was not the worst (that honor was Washington DC) but NY really sucks FUAC.
2018’s Best & Worst States for Military Retirees
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libertysnake
.338 Win Mag
Puerto Rico isn't part of New York? I thought it was with all the trips Cuomo was doing down there.
Jmac00
.475 A&M Magnum
new yorkistan sucks in soooo many ways. A friends father was in the USAF and his retirement package (whatever that is/was) went to a Bank in Michigan ( He was stationed mostly in Michigan, He's deceased now)
His retirement money never, at any time came to NY, he never touched the money that was in a Michigan Bank. After being here 20 years he decided to retire and move back to Michigan, as soon as he retired the state decided he needed to pay taxes on his retirement money in Michigan. The boned him 17% of his money in a savings account in Michigan?
I have no idea how a state can tax money in another state's bank?
anyway, the point is, if you live in New Yorkistan at any point, this state will come after any retirement money anywhere on the planet FUNYS
His retirement money never, at any time came to NY, he never touched the money that was in a Michigan Bank. After being here 20 years he decided to retire and move back to Michigan, as soon as he retired the state decided he needed to pay taxes on his retirement money in Michigan. The boned him 17% of his money in a savings account in Michigan?
I have no idea how a state can tax money in another state's bank?
anyway, the point is, if you live in New Yorkistan at any point, this state will come after any retirement money anywhere on the planet FUNYS
That doesn’t make sense at all. If he wasn’t a NY resident (you don’t have to be a resident of the state you are stationed in, then you don’t have to state income taxes there. There’s more to that story, 100%.
Jmac00
.475 A&M Magnum
there may be, he died about 10 years ago. But he was adamant NYS taxed his retirement in Michigan. that's all I know
Jmac00
.475 A&M Magnum
maybe that was the issue, but even so, the retirement money never entered NYS, he retired in Michigan, then moved to New Yorkistan, he was here about 22 years and retired from a job here. I don't know how accounting works, I pay people to do that for me.
libertysnake
.338 Win Mag
Tell me how to switch that, as when I move to TX I'm not giving NY another dime unless they pry it from my cold dead hands.
I believe it depends upon your legal residence. Also, NYS does not tax military retirement nor NYS retirement.
As Far as NY is concerned, your DD-214 IS your legal residence.
From the code:
"If you are a New York State resident and your permanent home (domicile) was in New York State when you entered the military but you were assigned to duty outside the state, you are still a New York State resident. Your military pay is subject to New York State income tax to the same extent it is subject to federal income tax."
Why argue with me ? Call the NY Dept. of Taxes.
I entered USAF in 64' from NY. Was stationed everywhere but NY. Came back in 70' and was nailed for taxes.
Fing internet experts are really a PIA !
From the code:
"If you are a New York State resident and your permanent home (domicile) was in New York State when you entered the military but you were assigned to duty outside the state, you are still a New York State resident. Your military pay is subject to New York State income tax to the same extent it is subject to federal income tax."
Why argue with me ? Call the NY Dept. of Taxes.
I entered USAF in 64' from NY. Was stationed everywhere but NY. Came back in 70' and was nailed for taxes.
Fing internet experts are really a PIA !
Steal2B
.700 Nitro Express
For active duty military ...
"Intent is one of the most misunderstood and difficult parts of legal residency or domicile. While there are a number of steps that you can take to demonstrate your intent, it is the cumulative effect of these small things that adds up to the whole of determining legal residency or domicile.
Ways to show that you intend to make a state your legal residence include:
- obtaining a driver's license,
- register your vehicle,
- register to vote,
- actually voting,
- paying state tax,
- reflecting that state in your will,
- any other actions that could be construed as showing intent to remain a resident of a state.
Once a military member has taken the steps to establish a new domicile, he or she can change their pay withholding by using DD form 2058, State of Legal Residence Certificate."
https://www.google.com/amp/s/www.mi...icles/2015/02/27/residence-vs-home-record/amp
Bottom Line for retirees - for a military pension, according to NYS publicalion 361 you have no worries from NYS.
"Military pension payments received by retired military personnel or their beneficiaries are totally exempt from New York State tax. Benefits paid to, or on account of, a veteran or beneficiary under the laws relating to veterans, are treated the same for New York State tax purposes as for federal tax purposes. If these amounts are excluded from gross income for federal income tax purposes, they are not subject to New York State income tax. "
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I think the key here is that the person in question retired while not a NYS resident, but then came here and started a second career. I just caught that. So at that point, they were a NYS resident and all earnings became taxable here. Although it still sounds weird because I'm fairly certain NY does not tax military pensions. Maybe only military pensions earned while a NY state resident?
Steal2B
.700 Nitro Express
According to the New York State Department of Taxation and Finance. "Pension payments received by retired military personnel or their beneficiaries are totally exempt from New York State, New York City, and Yonkers income taxes."
Information for military personnel & veterans
Nine states have no income tax. Of the 41 that do, 14 of them—Alabama, Hawaii, Illinois, Iowa, Kansas, Louisiana, Massachusetts, Michigan, Mississippi, New Jersey, New York, Ohio, Pennsylvania and Wisconsin—exempt all military pensions from a person's taxable income.
Likewise, all Social Security retirement benefits are exempt from taxation and the first $20000.00 of income from retirement accounts and / or a private pension is exempt from New York State, New York City, and Yonkers income taxes.
Finally, pensions paid by New York State, New York localities, or the Federal government are exempt from New York State, New York City, and Yonkers income taxes.
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The above is why I'll likely find myself staying here in retirement, just far upstate and away from as many people as possible! lol
I'm sure my ex will be staying in the city or NJ, so I won't want to move far. If my options are basically NY or PA, I'm just going to stay in NY.
I'm sure my ex will be staying in the city or NJ, so I won't want to move far. If my options are basically NY or PA, I'm just going to stay in NY.
Marine Cpl
.577 Tyrannosaur.
Isn't the quotes above for military pensions? I don't think NYCERS is included.
Steal2B
.700 Nitro Express
Nope. The last 2 paragraphs are from the New York State Department of Taxation and Finance. NYCERS pension payments are exempt from New York State, New York City, and Yonkers income taxes.
From the NYCERS pub 897
"NYCERS' benefit payments (monthly retirement allowances, loans and excess refunds) are subject to Federal taxes, but are exempt from New York State and local income taxes if your primary residence is within New York State."
So it appears the dead retiree was incorrect IF his "package" was a pension or RIF buyout.
Appears to me the accusation against the state is not really backed up with anything by hear say.
NY sucks if you are a resident. I know many folks who have a second home in NY but are legal residents of FL. They pay zero NYS income taxes and can't have a pistol permit in NY.
In that situation if you want a permit, you need to do the numbers comparing the many breaks NYS resident seniors and disabled military get vs paying NYS income tax.
I've run those numbers and for me ( who would want a permit) the breaks are worth more than NYSIT would cost me. A bit complex as we would have to file FIT seperatly as my wife would be a FL resident.
"Your results may vary."
Appears to me the accusation against the state is not really backed up with anything by hear say.
NY sucks if you are a resident. I know many folks who have a second home in NY but are legal residents of FL. They pay zero NYS income taxes and can't have a pistol permit in NY.
In that situation if you want a permit, you need to do the numbers comparing the many breaks NYS resident seniors and disabled military get vs paying NYS income tax.
I've run those numbers and for me ( who would want a permit) the breaks are worth more than NYSIT would cost me. A bit complex as we would have to file FIT seperatly as my wife would be a FL resident.
"Your results may vary."