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Revision as of 22:34, 27 September 2026
Despite the actual tax rate reductions among the Jobs and anjing Growth Tax Relief Reconciliation Act of 2003, helpful ideas marginal income tax bracket for many retirees can be a whopping 46.3%. Why? Because Social Security benefits are subject to income in taxes. Those affected are Social Security recipients who have enough good fortune (misfortune?) end up being subject to both the 25% taxes bracket along with the 85% inclusion rate for Social Security benefits.
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