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.
If you file as an individual and your combined income is less than $25,000, none of your Social Security is taxable. For joint filers, combined income of less than $34,000 means no taxes on Social Security. As combined income rises, up to 85% of Social Security benefits can be subject to income taxes.If you make a fully taxable $10,000 IRA distribution, and have no other income, your combined income would be $15,850. $10,000 from the IRA plus $5,850 (1/2 your Social Security).f Social Security is truly your only income in 2014, your Social Security payments should be tax free and you may not owe any taxes on the IRA either. I'll start with the IRA. If you never made any nondeductible contributions to any of your IRA accounts, all of the IRA withdrawal is counted as taxable income.