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.
Thatâs because, if your âcombined incomeâ is in the applicable range, each additional dollar of income is not only taxed at your regular tax rate, it also causes an additional $0.50 or $0.85 of Social Security benefits to be taxable. Depending on how high your âcombined incomeâ is in a given year, your Social Security benefits could be nontaxable or partially taxable (with a maximum of 85% of them being included in your taxable income for the year).