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Latest revision as of 05:10, 12 November 2026
Despite fresh tax rate reductions of your Jobs and Growth Tax Relief Reconciliation Act of 2003, leading marginal income tax bracket for many retirees is really a whopping forty six.3%. Why? Because Social Security benefits are subject to income taxation. Those affected are Social Security recipients who check out good fortune (misfortune?) end up being subject to both the 25% tax bracket along with the 85% inclusion rate for Social Security benefits.
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