Tax Revenue and Economic Performance Analysis

The Exemption of Pension and Social Security are amongst the largest sources of untaxed income Taxable Returns Nontaxable Returns Total Returns Est. Rev Loss No. of Returns Amount No. of Returns Amount No. of Returns Amount Amount Total SS and Pension Exemption Exempt Pensions Social Security Benefits 133,668 $3,451 84,112 63,779 $2,212 49,399 69,889 $1,239 34,713 $2,278 217,780 $5,729 $382 $1,794 113,178 $4,006 $484 104,602 $1,723 Dollars (millions) The cost of exempting Social Security and Pensions is $382 million 29 29

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