WRTV: Governor Mike Braun proposes phasing out tax on retirement income

Mike Braun has made tax relief a priority this legislative session. One way he wants to do that is by phasing out the tax on retirement income.

Dr. Matthew Will, Associate Professor of Finance at the University of Indianapolis, says Indiana has a good track record of low taxes.

“You do pay an income tax, that’s 3% plus your county tax, which is the normal rate in Indiana,” Will said. “So, retirees do have to pay that.” [continue reading]