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Revision as of 01:30, 11 September 2026
Despite brand new tax rate reductions among the Jobs and Growth Tax Relief Reconciliation Act of 2003, helpful ideas marginal tax bracket for many retirees can be a whopping forty-six.3%. Why? Because Social Security benefits are subject to income tax. Those affected are Social Security recipients who hold the good fortune (misfortune?) to be subject to both the 25% income tax bracket as well as the 85% inclusion rate for Social Security benefits.
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