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Revision as of 04:30, 29 August 2026


Despite brand new tax rate reductions of the Jobs and Growth Tax Relief Reconciliation Act of 2003, the superior marginal income tax bracket for many retirees is really a whopping forty six.3%. Why? Because Social Security benefits are subject to income tax bill. Those affected are Social Security recipients who hold the good fortune (misfortune?) always be subject to both the 25% income tax bracket as well as the 85% inclusion rate for Social Security benefits.

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