Do You Think That Pensions Are Taxable?

[Good-Person]

Pension is the amount of money you receive when you get retired. Whether or not pensions should be taxed is debatable. However, I do not think that people should pay taxes when it comes to receiving pensions. This is because elderly people have already paid a lots of tax when they were young. I think that they should be exempted when it comes to paying taxes while receiving pensions.

 

[Grant]

I think they can be taxed, but I think in some states in the US they aren't required. I think it comes down to your state law, or country law depending on where you live. I think where I live pensions are taxable, but I'm unsure.

 

[Nomad]

In our country, pension is taxable. However, social security benefits are not taxable. In other words, if you worked for 20 years and retired, you will receive a pension and the government deducts taxes. However, if you are receiving social security benefits, you will receive full amount.