Nevada annuity premium taxes

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Subject Author Date Nevada annuity premium taxes Otis 06-22-2008  Re: Nevada annuity premium taxes Elle 06-24-2008  Re: Nevada annuity premium taxes Otis 06-24-2008
Posted by Otis on June 22, 2008, 7:35 am Does anybody know the real deal on Nevada annuity premium taxes? According to this page: http://www.jhancockrealestate.com/gsfp/annuities/annuity_education.html qualified money is not taxed, but non-qualified is. That would be double taxation, wouldn't it? This page: http://www.annuity.info/premtax.cfm says just the opposite. This news article: http://www.reviewjournal.com/lvrj_home/2005/Mar-23-Wed-2005/business/883116.html confuses me. It seems to be saying that non-qualified annuities are not taxed. Except the last sentence seem to imply that if your employer sets you up with an annuity from your qualified funds, you're home free. What if your employer offers an annuity inside it's retirement plan, the way http://www.incomesolutions.com works, and you, the employee, elect that annuity? -------------------------------------- Misc.invest.financial-plan is a moderated newsgroup where Moderators strive to keep the conversations on-topic for financial planning. Other posting guidelines include a request for brevity and another for trimming posts to which we respond. For all of the other tips and suggestions, see "FROM THE MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the Newsgroup. Posted by Elle on June 24, 2008, 10:02 am Otis, try asking this at misc.taxes.moderated . -------------------------------------- Misc.invest.financial-plan is a moderated newsgroup where Moderators strive to keep the conversations on-topic for financial planning. Other posting guidelines include a request for brevity and another for trimming posts to which we respond. For all of the other tips and suggestions, see "FROM THE MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the Newsgroup. Posted by Otis on June 24, 2008, 7:16 pm Thanks for the advice. After considerable searching I found this: http://www.leg.state.nv.us/74th/Minutes/Senate/CL/Final/275.pdf which is a discussion of State Senate Bill 12 (the newspaper article said it was Bill 176 ???) which would repeal the tax (fat chance) and it repeatedly says Qualified funds are not subject to the tax. -------------------------------------- Misc.invest.financial-plan is a moderated newsgroup where Moderators strive to keep the conversations on-topic for financial planning. Other posting guidelines include a request for brevity and another for trimming posts to which we respond. For all of the other tips and suggestions, see "FROM THE MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the Newsgroup. Similar Threads Posted Equity Premium January 1, 2007, 6:02 am medicare premium based on pre-retirement income? August 10, 2007, 9:55 am Great book on Equity Risk Premium: Goetzmann and Ibbotson November 28, 2006, 1:02 pm cd's & taxes October 17, 2006, 12:33 pm IRA penalty and taxes January 4, 2007, 4:59 am Taxes in Retirement...1%? April 17, 2007, 6:07 pm EAFE and foreign taxes April 11, 2007, 2:39 pm CD's maturing and taxes October 29, 2008, 3:55 pm taxes and corporate bond yields September 4, 2007, 3:06 pm Finding out fund's fees and taxes March 15, 2008, 3:55 pm