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Tax Commission Proposes Decreasing Exemptions for Pensioners


A tax reform panel appointed by Governor Steve Beshear is considering a proposal that would result in more retirees having their pensions taxed. Lieutenant Governor Jerry Abramson is chairman of the Blue Ribbon Commission of Tax Reform.  Abramson says members may recommend tweaking a policy that exempts annual pensions of $41,100 or less from taxes. He says commission members are looking at decreasing that by more than half to pensions of $15,000 or less. Governor Steve Beshear appointed the panel to recommend a simpler tax code that would generate enough revenue to meet state needs even during recessions. The group has already ruled out implementing a 6 percent tax on groceries, which would have generated some $500 million a year.

Shelly Baskin works in MSU's Office of Regional Outreach and is a graduate student in Occupational Safety and Health. A roustabout from Memphis, Tennessee, Shelly first found his way into WKMS through the newsroom back in 2011 through luck, charm and force of will. Though he left news for another position, he still enjoys working on independent radio projects and volunteering for the station. He’s an avid disc golfer and occasional real golfer and is terrible at both. A lover of all things musical, Shelly is always ready to hear something new and unique.
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