Josh Scandlen Podcast

Wow! Nebraska is NOT at all favorable to retirees from a tax perspective.  In fact, of all the states I've covered so far, Nebraska may be the worst. I need to revisit Connecticut before I state that unequivocally. But man, oh man, I had higher hopes for Nebraska than being in the running for worst states for retirees, that's for sure.  How bad is it? You ask? Let's count the ways! 1. Income taxes.  First, Nebraska has a HUGE income tax rate of 6.84% for folks with taxable income over $60k, if you're married. Single? it's $30k,   Now, this is TAXABLE INCOME, so you'd need to add your Standard Deductions or any other deductions you have to the taxable income amount to get your GROSS INCOME.  For instance, a married couple needs to have more than $86,600 in Gross Income before they are in the 6.84% tax bracket.   But still, $86,600 of income doesn't make you Warren Buffet by any stretch of the imagination.  2.  Taxes on Social Security and retirement income - in N