The principle of collective defence is at the very heart of NATOâs founding treaty. It remains a unique and enduring principle that binds its members together, committing them to protect each other and setting a spirit of solidarity within the Alliance.
Taxes can be burdensome for those who plan to live on all or a substantial amount of their pension, and there are 11 states that won't tax a public or qualified private pension. States That Don't Tax Public and Qualified Private Pensions. Alabama. Alaska.
(An extra hit: California imposes a 2.5% penalty for those who withdraw from a retirement plan before age 59 1/2âin addition to the 10% federal penalty.). Two states offer no general breaks on retirement income but do offer a break to military retirees. Connecticut excludes 50% of military retirement pay from tax.Starting in 2015, Nebraska will let military retirees choose to either exclude 40% of military retirement income for seven consecutive taxable years or to exclude 15% of that income for all taxable years starting the year they turn age 67.ax planning is a cornerstone of retirement planning. But by focusing on Uncle Sam, many retirees overlook the state-tax bite. States vary across the map on how they tax everything from retirement income to retail purchases.