DES MOINES, Iowa (AP) — Iowa House Republicans on Monday proposed eliminating retirement income taxes, a move that would cost the state about $2 billion in revenue over the first six years.
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Retiree Living Retirees choosing between buying property in Illinois versus Iowa typically prefer Illinois when deciding based on taxes. With its flat tax rate and real estate tax credit for property owners, higher income-earning retirees typically pay much less to live in Illinois. Iowa is routinel...