Thursday, June 04, 2009

PA in Money

And, finishing the May and June issues of Money Magazine I'm no caught up with accumulated reading material. Whew! Here are some local or otherwise interesting notes:

In the May issue

p. 74, part of "Best tax strategy for retirees on the move," Pennsylvania is a great state for those with a private pension because pension income isn't taxed here.

p. 22, ever wonder how the cost of a Blackerry breaks down? In "The hot new smartphone" the $400 cost of a Blackberry Storm is dissected in this way:

$87 hardware and packaging
$56 factory costs
$54 research and development, intellectual property
$52 Research in Motion's take
$51 marketing


In the June issue

Breakout box on page 80 from "Rethink your legacy," PA has an interitance tax of 15%, which is lower than the inheritance or estate tax in 18 of the 22 states that have one. Only Kansas, Maryland, and Tennessee have lower rates; Iowa and Oklahoma also tax 15%.

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