Transferred use of the surname derived from the Old English lÄah (wood, clearing, meadow), lee has the meaning dweller by the wood or clearing.. In Middle English, the spelling lÄah evolved to leigh, legh. Lee is popularly used as a name element in combi. From A World of Baby Names by Teresa Norman.
Arkansas is a relatively tax-friendly state for retirees. Social Security is totally exempt from the stateâs income tax. Arkansas also offers seniors a deduction of $6,000 for other types of retirement income like income from pensions or income from an IRA.
Since the passage of the 1983 Amendments to the Social Security Act Social Security benefits are subject to taxation. The amount of Social Security income which is taxable depends on your taxable income. Most high-income retirees will have 85% of Social Security benefits taxable.For lower-income retirees, less than 85% will be taxable, but many retirees in a 15% tax bracket will face a marginal tax rate much higher than 15%.Social security benefits are also taxable in some states (see Figure 1.).ince the passage of the 1983 Amendments to the Social Security Act Social Security benefits are subject to taxation. The amount of Social Security income which is taxable depends on your taxable income. Most high-income retirees will have 85% of Social Security benefits taxable.